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mbowdish mbowdish
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3 years ago
How can changes in wages and prices restore an economy to full employment?
Textbook 

Macroeconomics: Principles, Applications and Tools


Edition: 7th
Authors:
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Steve T.Steve Trainer
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3 years ago
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More solutions for this book are available here
Changes in wages and prices change the demand for money. The change in money demand changes interest rates, and the change in interest rates affects aggregate demand for goods and services, which ultimately changes GDP, eventually resulting in equilibrium at a state of full employment.
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