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Monday 23 February 2015

Unit 2 & 4: Real wages are on the rise!

Thank you to Huzaifa for this article on real wages in the UK. Real wages take into account inflation. If real wages are rising it should increase disposable income and lead to increases in aggregate demand.

Questions for discussion:

Assess the economic effects of an increase in the real wage be for the UK economy. (8 Marks)

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