Macroeconomics: Canada in the Global EnvironmentAddison-Wesley, 1994 - 1088 หน้า |
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หน้า 835
... hour of labour equals the hourly wage rate . If the firm hires even one more hour of labour , the extra cost incurred will exceed the revenue brought in from selling the extra output . The firm will not employ that additional hour of ...
... hour of labour equals the hourly wage rate . If the firm hires even one more hour of labour , the extra cost incurred will exceed the revenue brought in from selling the extra output . The firm will not employ that additional hour of ...
หน้า 836
... hour of labour - that is , it increases the extra output obtained from one addi- tional hour of labour . At a given real wage rate , firms will increase the amount of labour they hire until the revenue brought in from selling the extra ...
... hour of labour - that is , it increases the extra output obtained from one addi- tional hour of labour . At a given real wage rate , firms will increase the amount of labour they hire until the revenue brought in from selling the extra ...
หน้า 845
... hour , as shown in Fig . 30.9 . The money wage rate that this real wage rate translates into depends on the price ... hour . That is , with an expected GDP deflator of 100 , a money wage rate of $ 15 an hour translates into an expected ...
... hour , as shown in Fig . 30.9 . The money wage rate that this real wage rate translates into depends on the price ... hour . That is , with an expected GDP deflator of 100 , a money wage rate of $ 15 an hour translates into an expected ...
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aggregate demand curve aggregate expenditure curve aggregate planned expenditure aggregate supply curve autonomous expenditure Bank of Canada billions of 1986 business cycle capital cars CHAPTER consumption expenditure consumption function decrease deficit demand and supply disposable income dollars economists effects equilibrium expenditure example expected exports factors of production falls Figure firms fiscal policy fluctuations GDP deflator government purchases graph gross domestic product growth households inflation rate investment demand curve Jane Jane's kilograms of corn labour force long-run aggregate supply macroeconomic marginal propensity ment metre of cloth million tapes monetary policy money supply multiplier opportunity cost output percent Phillips curve price level production possibility frontier quantity demanded quantity of labour quantity of money quantity of real quantity supplied Real GDP billions real interest rate real money real wage rate recession relationship rises short-run aggregate supply tapes a week taxes tion unem unemployment rate variables Walkman