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Compared to an economy with staggered overlapping wage contracts, an economy in which wage contracts ...
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Compared to an economy with staggered overlapping wage contracts, an economy in which wage contracts ...
Compared to an economy with staggered overlapping wage contracts, an economy in which wage contracts are renegotiated simultaneously will tend to have
A) steeper SP curves.
B) flatter SP curves.
C) faster shifting of its SP curves.
D) slower shifting of its SP curves.
Textbook
Macroeconomics
Edition:
12
th
Author:
Gordon
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