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In the mid 1980s female nurses became increasingly aware that a relatively large number of attractive job opportunities existed outside the medical service industry. In fact large number of colleges offered life and transfer credits for nurses so that they could change careers at less cost. Using an equilibrium model of the market for nurses, show what impact this market change had on the wage rate and employment of nures. Work through the comparative static analysis and explain whether a temorary shortage or surplus occured and the various market adjustments that took place as a result of the temporary imbalance. Please make answer detailed and approximately 400 words.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91954322

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