Wages and Unemployment in the Medium Run

The following sections are included:IntroductionUtilization of Capital and Production FunctionDecisions of Firms on Price, Employment, and InvestmentEquilibrium in the Goods MarketEquilibrium in the Labor MarketDetermination of Wages and Employment: The Case of Constant Capital Stock, Labor Force, and Technology LevelDynamic Analysis of the Medium-Run Equilibrium: A Case Allowing for Capital Accumulation, Population Growth, and Technological progressLong-Run Steady State and Natural Rate of UnemploymentConcluding RemarksAcknowledgmentAppendicesReferences