In an industry that requires workers with specific skills, initially the market for labor is in equilibrium. Then a government-sponsored training program increases the number of qualified workers. In that scenario, equilibrium wage __________ and the quantity of workers employed __________.

In an industry that requires workers with specific skills, initially the market for labor is in equilibrium. Then a government-sponsored training program increases the number of qualified workers. In that scenario, equilibrium wage and the quantity of workers employed .

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter10: Labor Markets And Income Distribution

Section: Chapter Questions

Problem 6SQP

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