Reference no: EM131395836
Using a graph show how each of the following labor markets (assumed to be competitive and initially in equilibrium) is affected by the following changes. Make sure your graphs are completely labeled-indicating whether the supply or demand in each market increases or decreases and the impact on equilibrium wages and employment.
a. Labor market for elementary school teachers.
Baby boom (or bust).
b. Labor market for Economics professors.
State, local, and federal governments seeking hiring economic advisors.
c. Labor market for low-skilled workers.
Increased (or decreased) immigration restrictions.
d. Labor market for workers with just a high school diploma.
The workplace becomes more computerized and technically sophisticated.
e. Labor market for workers who hold at least a college degree.
The workplace becomes more computerized and technically sophisticated.
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: Using a graph show how each of the following labor markets (assumed to be competitive and initially in equilibrium) is affected by the following changes. Make sure your graphs are completely labeled-indicating whether the supply or demand in each..
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