Across
- 3. if there are __ labourers, the firm can choose wage freely
- 5. (net investment)/[Y(t)-Y(t-1)] generates this accelerator
- 6. a shirking labourer's dividend
- 8. states that an increase in the rate of output of a firm will require a proportionate increase in its capital stock
- 9. elasticity of wage with respect to effort at optimum
Down
- 1. time-path moving away from equilibrium
- 2. Central Bank is ___ of Currency
- 4. efficiency wage is inversely related to
- 5. MEI and investment are ___ related
- 7. this income defines consumption in Samuelson's Model