Beruflich Dokumente
Kultur Dokumente
Macroeconomics I
ECON222
Fall 2017
MRPN = P MPN
In real terms rms the benet is MPN and the cost is the real wage:
W
w=
P
MPN = w
Aggregate labour demand is the sum of the labour demands of all the
rms in the economy
It looks the same and behaves the same as a labour demand curve for
an individual rm.
But technological change may aect relative demand for skilled vs.
unskilled workers
2 .pdf