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10 cards from this deck
Derived demand
Downward-sloping
Firm's output level
Inverse
Firms retain staff even during downturns
CIGX: Consumption, Investment, Govt spending, net eXports
Total output / Labour input
Leave, tax, super, workers' comp (beyond wages)
Easy substitution, high labour costs, can't pass costs on
Manufactured products used to produce goods & services
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