'Money wage' diaporamas de présentation

Classical theory

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Employment and Wages

Employment and Wages. What Determines Wages? Reference 8.1. Key Questions to Answer. Why do some people earn higher wages than others? Who or what determines the amount people earn at various jobs? Why do wage rates differ?. The Laws of Supply and Demand hold for Labor, too.

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ECON203 Principles of Macroeconomics Week 7 Topic : Aggregate Supply

ECON203 Principles of Macroeconomics Week 7 Topic : Aggregate Supply. Learning outcomes for student revision. To learn about After studying these topics you should be able to: Understand the meaning and factors that affect Aggregate Supply (AS or SAS)

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FINA 353 Principles of Macroeconomics Lecture 7 Topic : Aggregate Supply

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Inflation Lecture notes 7 Instructor: MELTEM INCE

Inflation Lecture notes 7 Instructor: MELTEM INCE. Inflation and the Price Level. Inflation is a process in which the price level is rising and money is losing value. Inflation is a rise in the price level, not in the price of a particular commodity.

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Simple Keynesian Model

Simple Keynesian Model. Planned aggregate expenditure = C + I + G + NX 45 degree line: all points where production (real GDP) = aggregate expenditure Equilibrium occurs where planned aggregate expenditure equals production. Equilibrium and Disequilibrium in the Keynesian Model.

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BUSINESS CYCLE THEORIES

BUSINESS CYCLE THEORIES. Cycle Patterns, Impulses, and Mechanisms. Business Cycle Patterns The business cycle is an irregular and nonrepeating up-and-down movement of business activity that takes place around a generally rising trend. Cycle Patterns, Impulses, and Mechanisms.

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