Problem
Trace through how the effects of a change in one market-such as an increase in the supply of labor- have effects on other markets. How was it possible for the labor supply to increase markedly, as occurred during the 1970s and the 1980s, with relatively little change in real wages?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.