Question: You will be assigned two of the seven key components of the circulation in macro economics as shown below Workforce Market Household Government Corporation

You will be assigned two of the seven key components of the circulation in macro economics as shown below Workforce Market Household Government Corporation Financial Market Foreign Commodity Market Show the characteristics of how each component interacts with the other components around it using the arrows as a guideline. Show how macroeconomic policies can influence/control your components. Marks will be given for report quality (typed, easy to follow) and content (reference sources, detailed info, personal opinion on influence/control of macroeconomic policies) Please send me an email request and I will assign you your components. No students will be given the same two components. Circulation in Macroeconomics L (labour supply) L, Labour demand) WORKFORCE MARKET Wage Trc Te Household Government Corporation Sc Se Saving Tax FINANCIAL Yield MARKET Investment Transfer Gigovernment expenditures) IM fimport) COMMODITY Foreign MARKET (export) Consumption
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1 1 If the demand for labor is high and supply is low then wage will increase therefore there is need for government to attract more workers into the ... View full answer
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