A change in the labor market can change the equilibrium amount of labor employed, thus leading to a change in Real GDP and to a shift in the LRAS curve. Show this sequence of events diagrammatically.
Economics (MindTap Course List)
Economics (MindTap Course List)
A change in the labor market can change the equilibrium amount of labor employed, thus leading to a change in Real GDP and to a shift in the LRAS curve. Show this sequence of events diagrammatically.
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