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From 1970 to 2000 the supply of college graduates to the

From 1970 to 2000, the supply of college graduates to the labor market increased dramatically, while the supply of high school (no college) graduates shrank. At the same time, the average real wage of high school graduates fell. How can these wage patterns be explained?

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Solution Preview :

Prepared by a verified Expert

Macroeconomics: From 1970 to 2000 the supply of college graduates to the

Reference No:- TGS0670158

Have a Question? (oR Write a Review)

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Reference No:- TGS0670158

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