English, asked by kasbar1966, 2 months ago

which market determine the real wages and employment​

Answers

Answered by pakeezac31
0

Answer:

the labour market

To understand how the real wage and employment are jointly determined in the labour market, we need two basic concepts: The wage-setting curvewage-setting curve The curve that gives the real wage necessary at each level of economy-wide employment to provide workers with incentives to work hard and well.

Answered by sk86121968184
0

Answer:

The Market Wage Rate. In a competitive labor market, the equilibrium wage and employment level are determined where the market demand for labor equals the market supply of labor. Like all equilibrium prices, the market wage rate is determined through the interaction of supply and demand in the labor market

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