Economics 144Economics 144
Summary
Unit 9 Summary Economics 144
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This summary of unit 9 introduces the labour market model and how to set it up. This explains the relationships between wages, profits and unemployment through the wage setting curve and the price setting curve, which you must know how to draw as a graph. There are various steps on how to set out each graph as well as the different elements included. This explains the equilibrium and how the equilibrium balances the different wages and profits. The governement and its policys are discussed very briefly.
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Written for
- Institution
- Stellenbosch University (SUN)
- Course
- Economics 144
All documents for this subject (24)
Document information
- Uploaded on
- January 27, 2023
- Number of pages
- 6
- Written in
- 2022/2023
- Type
- SUMMARY
Subjects
-
wages
-
profits
-
unemployment
-
prices
-
measuring the economy
-
equilibrium
-
government
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