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Discuss the impact of an increase in the National Living Wage on employees and e

ID: 1148489 • Letter: D

Question

Discuss the impact of an increase in the National Living Wage on employees and employers.
Themes: AD and AS Capital-Labour Substitution Labour Productivity Labour market Unemployment Labour Demand and Supply Skills Multiplier Discuss the impact of an increase in the National Living Wage on employees and employers.
Themes: AD and AS Capital-Labour Substitution Labour Productivity Labour market Unemployment Labour Demand and Supply Skills Multiplier
Themes: AD and AS Capital-Labour Substitution Labour Productivity Labour market Unemployment Labour Demand and Supply Skills Multiplier

Explanation / Answer

AD and AS

Capital-Labour Substitution

Labour Productivity

Labour market

Unemployment

Labour Demand and Supply

Skills

Multiplier

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