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Labor Market Equilibrium - Harvard University
The equilibrium wage rate?that is, the wage rate actually received by workers?falls to w1, but the total cost of hiring a worker rises to w1 + 1. 7 A detailed ...
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The equilibrium wage rate?that is, the wage rate actually received by workers?falls to w1, but the total cost of hiring a worker rises to w1 + 1. 7 A detailed ... 
