Suppose that workers become concerned about the future and therefore wish to increase their hours of work
Question:
a. Draw a graph of the labor market, showing the effect of these changes.
b. Can you predict the effect on equilibrium employment? On the real wage?
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a b Graph should show an increase in ...View the full answer
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Related Book For 
Macroeconomics
ISBN: 9780132109994
1st Edition
Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty
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