Professional Documents
Culture Documents
Classical Practice in Macroeconomics Take Into Consideration Both Graphs and Try To Formulate and Explain The Related Concepts. Say's Law
Classical Practice in Macroeconomics Take Into Consideration Both Graphs and Try To Formulate and Explain The Related Concepts. Say's Law
Practice in macroeconomics
Take into consideration both graphs and try to formulate and explain the related concepts.
Says Law
Wage rate
SL
W2
We
DL
Q3 Qe Q2 Qm qty of labour
P1 a b
AD1
c
P2
AD2
Qf real output
a. P AS b. P AS
1
Pe Pe
P1
AD AD