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Increases in labor force participation rates

When this purely competitive labor market is primarily in equilibrium at D0L, S0L, a move to equilibrium at D0L, S1L would be probably to follow from increases in: (w) rates of technological advance. (x) the cost of living. (y) labor force participation rates by workers along with the needed skills. (z) wage rates paid in a associated labor market.

250_Labor Market Equilibria problem.png

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