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23-11-2022
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An economic downturn has caused the labor demand curve to shift from Do to D. What is the new quantity of labor demanded and wage rate in the short run? Assume wages are sticky in the short-run. $24 S $21 $18 Wage (5) $15 512 D. $9 0 150 300 900 450 600 750 Quantity of Labor Provide your answer below: W and q = 0

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