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Chapter18 - Ch 18 Wages and Unemployment Understanding the...

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1 Ch 18: Wages and Unemployment Understanding the labor market is key to understanding the macroeconomy. In this section, we will discuss: -Some important trends in labor markets -Use supply and demand to understand the labor market -Talk about measures of the state of the labor market.
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2 I. Five Important Labor Market Trends Trends in Real Wages
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