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The consumption share will increase if there is a decrease in the real interest rate.
Wage Rate
The amount of compensation paid to employees for their labor, often expressed per hour, day, or piece.
Alternative Technologies
Different methods or processes available for producing goods and services, often considered in the context of replacing or improving current production techniques.
Total Product
The total output or production by a company during a specific period of time.
Average Product
Average Product is the output per unit of input, calculated by dividing total product by the quantity of the input.
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