Examlex
The financial system coordinates investment and saving, which are important determinants of long-run real GDP.
Wage Rate
The amount of compensation or payment in terms of money received by an employee from an employer in exchange for work or services.
Repair People
Professionals specialized in fixing or mending machinery, equipment, or structures to ensure proper function and reliability.
Demand for Labor
The total demand for workers in an economy, which is influenced by wages, productivity, and the overall level of economic activity.
Price of Product
The amount of money required to purchase a good or service, determined by factors like cost of production, competition, and demand.
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