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Suppose that the market labor supply and labor demand equations are given by Qs = 5W and Qd = 30 - 5W. If a minimum wage is set at $4.00 (W = 4), then how all step by step.
C=100+0.75Yd How do i calculate marginal propensity to consume?
neoclassical
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concept of static and dynamic multiplier
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