
- UID
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- 2013-8-19
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"Because real wages increase, supply (of labor) will decrease, increasing unemployment."
<<< When real wages increase, labor supply increases (upward sloping supply curve)
I think the point you're trying to make is that more people are willing to work and this increases unemplyoment.
Either way, why does agregate supply fall? (see quote from schweser above) |
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