During the recession of 2008 2009, the Detroit metropolitan area had very significant unemployment (the highest in the nation for any area with more…
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Nuriye owns 6 barrels of toxic waste.
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in the classical model of the labour market, voluntary unemployment will increase if:

1. the leisure preference of workers decreases

2. technological progress shifts the production function upwards

3. real wages are set below the market equilibrium level

4. all of the above

5. none of the above

KM
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