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6 years ago
Gordon suggests that full indexation of production costs to nominal AD would solve the macroeconomic externality. However, individual firms would be unlikely to extend full indexation to their workers because
A) its local customers may not buy its products at the new price level.
B) its suppliers may reside in foreign countries and are therefore, not subject to indexation.
C) other competitor firms will not index their wages.
D) All of the above.
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
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thecromthecrom
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Scribs Author
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6 years ago
Good timing, thanks!
njn;l
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Yesterday
Thanks for your help!!
DAGINC
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2 hours ago
This helped my grade so much Perfect
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