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One reason that firms hire labor at the point where w = MPN is
Dual Federalism
A political arrangement in which state governments and the federal government each have defined, but separate, powers and responsibilities.
Reform Period
A time frame in which significant changes are made to social, political, or economic institutions and practices.
New Deal
A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s, aimed at recovering from the Great Depression.
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