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ogf78 ogf78
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5 months ago
What is downward wage rigidity?
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Macroeconomics


Edition: 3rd
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knh1473knh1473
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More solutions for this book are available here
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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5 months ago
this is exactly what I needed
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Thanks for your help!!
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Thank you, thank you, thank you!
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