Why does real wage rigidity contribute to unemployment? What are its causes?

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Macroeconomics Policy And Practice

ISBN: 978-0133424317

2nd Edition

Authors: Frederic Mishkin

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Question Posted: Feb 20, 2024 04:00 AM

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Why does real wage rigidity contribute to unemployment? What are its causes?

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Real Wage Rigidity and its Contribution to Unemployment Real wage rigidity refers to the resistance of wages to adjust downwards in response to change...View the full answer

Macroeconomics Policy And Practice

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