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1)
a) What will the real wage and the level of employment be for this economy?
real wage W/P = MPN
NS=ND
-10+5w/p=500-w/p
6w/p=510
w/p=85
Nd=415...
a) What will the real wage and the level of employment be for this economy?
real wage W/P = MPN
NS=ND
-10+5w/p=500-w/p
6w/p=510
w/p=85
Nd=415...
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