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In the standard Becker model of discrimination, each firm is associated with a discrimination coefficient of d > 0 and acts as if the wage paid to blacks is wB(1+d) where wB is the actual hourly wage paid to blacks. In equilibrium, a threshold level of d, labeled d*, comes about that sorts firms based on hiring decisions. Which of the following is not an outcome of this model?
Group Therapy
A form of psychotherapy involving one or more therapists working with several people at the same time.
Individual Therapy
A form of psychotherapy in which a therapist works one-on-one with a client to address their personal issues, behaviors, or feelings.
Severely Disturbed
Describes a state of significant mental, emotional, or psychological turmoil or disorder.
Beck's Cognitive Therapy
A therapeutic approach that focuses on identifying and changing negative thought patterns and beliefs to treat mental disorders.
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