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The big picture marcoeconomics 12e parkin chapter 06

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The big picture marcoeconomics 12e parkin chapter 06

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... play in the classical theory of growth? The neoclassical theory? The new theory? In all the growth models a technological advance raises economic growth and real GDP per person But whether the increase... Market The Demand for Labor  The demand for labor is the relationship between the quantity of labor demanded and the real wage rate  The real wage rate equals the money wage rate divided by the. .. hire more labor only if the real wage falls to reflect the fall in the additional output the labor produces There is a negative relationship between the real wage rate and the quantity of labor

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Xem thêm: The big picture marcoeconomics 12e parkin chapter 06 , V. Is Economic Growth Sustainable? Theories, Evidence, and Policies.

Mục lục

  • Economic Growth

  • I. The Basics of Economic Growth

  • II. Long-Term Growth Trends

  • Long-Term Growth in the U.S. Economy

  • Real GDP Growth in the World Economy

  • III. How Potential GDP Grows

  • The Aggregate Production Function

  • The Labor Market

  • The Demand for Labor

  • The Supply of Labor

  • Labor Market Equilibrium and Potential GDP

  • What Makes Potential GDP Grow?

  • Growth of the Supply of Labor

  • IV. Why Labor Productivity Grows

  • Preconditions for Labor Productivity Growth

  • V. Is Economic Growth Sustainable? Theories, Evidence, and Policies.

  • Classical Growth Theory

  • Neoclassical Growth Theory

  • New Growth Theory

  • The Empirical Evidence on the Causes of Economic Growth

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