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Definition of Total Employment (N) and Uniform Wage (W)
In the supply-side model, total employment, representing the number of all workers, is denoted by the variable . The model also assumes a uniform wage, , which is the same for every worker in the economy.
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Ch.1 The supply side of the macroeconomy: Unemployment and real wages - The Economy 2.0 Macroeconomics @ CORE Econ
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Definition of Total Employment (N) and Uniform Wage (W)
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An economic model simplifies a country's labor market by using the variable
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