Discuss various concepts that exists within the financial macroeconomic system The labor market can be explained by the graph below. Discuss the concept for the
Discuss various concepts that exists within the financial macroeconomic system
The labor market can be explained by the graph below. Discuss the concept for the competitive labor market
\fNumber of Computers Made Marginal Product Marginal Value of Product Workers (@$3K per computer) 0 25 25 $75,000 2 48 23 $69.000 69 21 $63.000 88 19 $57,000 105 17 $51.000 120 15 $45,000 133 13 $39.000 144 11 $33.0001300 190O Figure 3.1 Real average weekly earnings The growth in real average weekly earnings was strongest in the int hall of the 1970:, In the 1980; and 1990: growth in real earnings slowed significantly. The 2000: have seen a cturn to relatively strong real earnings growth
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