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ECS2602 ASSESSMENT 3 SEMESTER 2 2024 Which one of the following statements is INCORRECT? In our analysis of the labour market, we assume the following: Select one: A. Labour is the only factor of production used in the production of output. B. The price o$4.62
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ECS2602 ASSESSMENT 3 SEMESTER 2 2024 Which one of the following statements is INCORRECT? In our analysis of the labour market, we assume the following: Select one: A. Labour is the only factor of production used in the production of output. B. The price o
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Course
Intermediate Macroeconomics (ECS2602)
Institution
University Of South Africa (Unisa)
ECS2602 ASSESSMENT 3 SEMESTER 2 2024
Which one of the following statements is INCORRECT?
In our analysis of the labour market, we assume the following:
Select one:
A. Labour is the only factor of production used in the production of
output.
B. The price of oil and other raw material increases...
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ECS2602-24-S2 Welcome to the module ECS2602-24-S2 Assessment 3
QUIZ
Question 22
Answer saved
Marked out of 1.00
Give the wage-setting equation W = PeF(u,z), wage bargaining is struck in
nominal terms and the factors that will impact the nominal wages are the ____
Select one:
A. actual price level, the unemployment rate, and labour laws.
B. actual price level, expected price level, and unemployment benefits.
C. expected price level, the unemployment rate, and factors such as
labour laws.
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