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Describe how each of the following changes would affect the equilibrium in the labor market in terms of the level of the real wage and quantity of employment in equilibrium:
(a)Increased immigration leads to higher labor supply at each real wage
(b)The effort curve makes a parallel shift upward
(c)Labor productivity increases (that is,the marginal product of labor increases at each level of employment).
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Heredity
The genetic transmission of characteristics from parents to their offspring.
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