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Wage Led Aggregate Demand in the United Kingdom

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Figure

Figure 1: Illustrating the wage led aggregate demand hypothesis.
Figure 2: NSA Real GDP, SA total employment, and NSA real earnings series, fourquarter log differences, 1972 - 2007.
Figure 3: NSA GDP and NSA labour share approximation, four quarter log differences,1972 - 2007.
Figure 4: NSA real earnings and SA hours per person, four quarter log differences, 1972 -2007.
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