Suppose the wage rate in a certain industry falls, and firms hire more workers. The best explanation of this is that labor

Name: Suppose the wage rate in a certain industry falls, and firms hire more workers. The best explanation of this is that labor
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When the wage rate falls and firms hire more workers, it indicates that the supply of labor has increased, making it cheaper for firms to hire additional workers.

Suppose the Wage Rate in a Certain Industry Falls, and Firms