Principles of Macroeconomics
Principles of Macroeconomics
7th Edition
ISBN: 9781260110982
Author: Frank, Robert
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 8, Problem 6P

(a)

To determine

Explain the change in equilibrium wages of skilled and unskilled workers after the introduction of electronic equipment.

(b)

To determine

The effect of skill acquisition by the unskilled workers on the supply and equilibrium wages of skilled and unskilled workers.

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