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What is Productivity? | Microeconomics
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Let's take a closer look at the topic of productivity in microeconomics. Productivity refers to how many goods and services are produced from each unit of labor in time; we'll learn about how productivity affects standards of living, and how productivity relates to inflation and the unemployment rate.
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Chegg is a leading education technology company that provides students with affordable and accessible study resources. Chegg's mission is to help students save time, save money and get smarter.
00:00 Intro
00:21 Standard of living
01:14 Inflation
01:42 Inflation and unemployment
About Chegg:
Chegg is a leading education technology company that provides students with affordable and accessible study resources. Chegg's mission is to help students save time, save money and get smarter.
00:00 Intro
00:21 Standard of living
01:14 Inflation
01:42 Inflation and unemployment
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