Question: How do you account for the close correlation between changes in the rate of productivity growth and changes in real wage rates for the economy
How do you account for the close correlation between changes in the rate of productivity growth and changes in real wage rates for the economy as a whole?
Does this relationship also hold true on an industry-by-industry basis? Explain.
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The productivity and real wages have provided various macroeconomic analysis results in the last few ... View full answer
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