MacroeconomicsAddison-Wesley Publishing Company, 1994 - 598 ˹éÒ |
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˹éÒ 345
... wage rate is 22 bottles of soda and the soda bottling . factory hires the amount of labor that makes the marginal product of labor equal to 22 bottles . A Change in the Money Wage Rate with a Constant 345 The Demand for Labor in a Soda ...
... wage rate is 22 bottles of soda and the soda bottling . factory hires the amount of labor that makes the marginal product of labor equal to 22 bottles . A Change in the Money Wage Rate with a Constant 345 The Demand for Labor in a Soda ...
˹éÒ 348
Michael Parkin. CHAPTER 13 PRODUCTIVITY , WAGES , AND UNEMPLOYMENT CHAPTER 13 PRODUCTIVITY , WAGES , AND UNEMPLOYMENT ... rate ( 1987 dollars per hour ) a ^ 5 3 1 0 135 140 155 LS 145 150 160 Labor ( billions of hours per year ) Real wage ...
Michael Parkin. CHAPTER 13 PRODUCTIVITY , WAGES , AND UNEMPLOYMENT CHAPTER 13 PRODUCTIVITY , WAGES , AND UNEMPLOYMENT ... rate ( 1987 dollars per hour ) a ^ 5 3 1 0 135 140 155 LS 145 150 160 Labor ( billions of hours per year ) Real wage ...
˹éÒ 350
... wages are not flexible ? Not necessarily . Money wage rates , even those that are fixed by wage contracts , can and do adjust upward or downward . For example , some workers receive bonus payments in good times and lose those bonus- es ...
... wages are not flexible ? Not necessarily . Money wage rates , even those that are fixed by wage contracts , can and do adjust upward or downward . For example , some workers receive bonus payments in good times and lose those bonus- es ...
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$1 trillion aggre aggregate demand curve aggregate expenditure aggregate planned expenditure aggregate supply curve amount autonomous expenditure banks billion hours business cycle capital CHAPTER consume consumption expenditure curve for real decrease deficit deposits dollars economists equal equilibrium expenditure example exports factors factors of production fall Federal Reserve Figure firms fiscal policy fluctuations forecast GDP deflator government purchases graph growth higher households labor curve labor force labor market long-run aggregate supply macroeconomic ment million tapes monetary policy money multiplier money supply money wage rate multiplier natural rate OPEC open market operation opportunity cost output Phillips curve price level production possibility frontier quantity demanded quantity of labor quantity of money quantity of real quantity supplied rational expectations Real GDP trillions real wage rate recession relationship rises short-run aggregate supply slope tapes a week taxes tion trillions of 1987 U.S. economy unem unemployment rate