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Economy
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Emplaymentpanel c showed real wage rate andlabour marketwith demand and supplyof labour. So the wage rate deforminedLin the economy is wllo at which supplyof labour is more than demand for labour,Therefore no Nt is the level of unemployment in the economy. Even when thewage jetes become flexible in thewenucarddirection full employment can not be achievedbecause due to increase in real incommoneysupply there is no change in rate ofinterest due to which agg demand cannotbe created to have more employmentopportunities.21 Reafect inelasticity of Investment function.If investment does not change withthe rate of interest then it is saidto be in elastic investment clove willlikeitt&be‚Äč

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If the wage rate increases, employers will want to hire fewer employees. The quantity of labor demanded will decrease, and there will be a movement upward along the demand curve. If the wages and salaries decrease, employers are more likely to hire a greater number of workers.

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