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Using classical model explain how a shift in the supply for labor would affect equilibrium in the economy.

Using classical model explain how a shift in the supply for labor would affect equilibrium in the economy.

Answers

-Population growth is one factor which would lead to a rightward and downward shift in the supply of labor from S_N to S'_N .
-The figure below shows the impact of an increase in labor supply.

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sharon kalunda answered the question on April 11, 2019 at 11:13

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