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(Figure: Nonequilibrium Wages) In the figure, wage at W3 will cause:
Illusion
A false perception or misinterpretation of a real sensory experience.
Control
The capacity to steer or impact how people act or the direction of happenings.
Standard Deviations
A statistical measure that quantifies the amount of variation or dispersion of a set of data points relative to its mean.
Normal Curve
A bell-shaped curve that represents the distribution of many types of data where most values cluster around a central region.
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