The basic tools of supply and demand -- presented and extended in Chicago Price Theory -- help immensely to understand and predict everyday events in our world. These events relate to, among other things, macroeconomics, fiscal policy, health and labor markets, and industrial organization.
1 comment:
I'm finding your posts a little bit hard to follow, but lemme give it a shot.
Are you saying that the actual issue is that people don't want to work? By quitting, or by reducing their hours or what?
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