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long-run labor demandgraph an increase in the


Long-Run Labor Demand:

Graph an increase in the wage when only labor is a 'normal' input to production.

  1. Graph an increase in the wage when both inputs are 'normal' to production.
  2. Graph an increase in the wage and the price of capital while the same output level is produced.

 

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Macroeconomics: long-run labor demandgraph an increase in the
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