Explain how the wage can adjust to balance the supply and, Ask an Expert

Economics

1. Give two exs of events that could shift the demand for labor, and describe why they do so.

2 Give two exs of events that could shift the supply of labor, and describe why they do so.

3. describe how the wage can adjust to balance the supply and demand for labor while simultaneously equaling the value of the marginal product of labor.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M961517

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