Saturday, 11 April 2009

Aggergate Supply

Change in unit labour costs(ULCs)
Unit labour costs are defined as wage costs adjusted for the level of productivity
Changes to raw material costs other components
Fluctuations in the world price of oil,copper,aluminum and other essential inputs in many production processes
These costs might be affected by the exchange rate which cause fluctuations in the prices of imports
Change to producer taxes and subsidies levied by the government as part of their fiscal policy
Changes in VAT on building materials or duty on fuels

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