Unemployment and inflation work it out: question 1 of 4 there is only one labor market in profunctia. all workers have the same skills, and all firms hire workers with these skills. use the accompanying diagram, which shows the supply of and demand for labor, to answer the following questions. round answers to two places after the decimal when applicable. a graph with wage rate on the vertical axis and quantity of labor in thousands on the horizontal axis. the graph contains two curves. supply. and demand. the supply curve starts at the origin and has a slope equal to one fifth. the demand curve intersects the price axis at a wage of $20 and has a slope of negative one fifth. the demand and supply curves intersect at a quantity of fifty thousand workers and a wage of 10 dollars. what is the equilibrium wage rate in profunctia? equilibrium wage: $ what is the level of employment? level of employment: thousand workers what is the size of the labor force? labor force: thousand workers what is the unemployment rate? unemployment rate: %
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Unemployment and inflation work it out: question 1 of 4 there is only one labor market in profuncti...
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