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ogf78 ogf78
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What is downward wage rigidity?
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Macroeconomics

Macroeconomics


Edition: 3rd
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Downward wage rigidity refers to the resistance by workers to take a cut in their wages. When downward wage rigidity exists, last year's wage acts as a wage floor for current wages.
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ogf78 Author
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2 months ago
Thanks for your help!!
gefa
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gmiannotti
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2 hours ago
Correct Slight Smile TY
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