Additional_Labor_Productivity

Additional_Labor_Productivity - of Inflation R = i - P e /P...

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Labor Productivity Definition: Output per Unit of Labor
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Production Function Definition: Y = F(K, L, T) Y = Output, K = Capital, L = Labor, T = Technology
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Labor Force Definition: # Unemployed + # Employed
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Unemployment Rate Definition: # Unemployed / Labor Force As a Percentage
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Real Interest Rate Definition: Nominal Interest Rate – Expected Rate
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Unformatted text preview: of Inflation R = i - P e /P Marginal Tax Rate Definition: Extra Tax Paid on an Additional Dollar of Pre-Tax Income 0 < t < 1 After-Tax Real Interest Rate Definition: R = (1 - t)i P e /P Growth Rates A(0)(1 + r) n = A(n) r = (A(n)/A(0)) 1/n- 1...
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This note was uploaded on 04/14/2008 for the course ECON 102 taught by Professor Rossana during the Winter '08 term at University of Michigan.

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Additional_Labor_Productivity - of Inflation R = i - P e /P...

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