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16 Dec 2021
Problem 14
Page 350
Section: REVIEW QUESTIONS
Chapter 14: Labor Markets and Income
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16 Dec 2021
Introduction
The labor market refers to the supply of and demand for labor, in which employees provide the supply and employers provide the demand. The labor market should be viewed at both the macroeconomic and microeconomic levels. Unemployment rates and labor productivity rates are two important macroeconomic gauges.
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