Macroeconomics
Macroeconomics
10th Edition
ISBN: 9780134896441
Author: ABEL, Andrew B., BERNANKE, Ben, CROUSHORE, Dean Darrell
Publisher: PEARSON
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Chapter 3, Problem 3AP

a)

To determine

The impact of high real wage on unemployment.

b)

To determine

The effect of real wage rigidity on the output supplied by firms.

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