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Permalink : https://petit.lib.yamaguchi-u.ac.jp/17627
山口経済学雑誌 Volume 58 Issue 6
published_at 2010-03-31
Goods market and labor market-reconsidered
財市場・労働市場再考
About This Article
Descriptions
Usually economics explains that a price and a real wage rete are determined independently and if a price and a real wage rate move freely full employment is accomplished. However I think that goods market affects labor market. If the sales of goods decrease the wage rate decreases and unemployment rate goes up. In this paper I present an economic model to explain these totally.
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