In an economy with reasonably flexible prices and wages, full employment is almost always maintained. Explain why

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In an economy with reasonably flexible prices and wages, full employment is almost always maintained. Explain why that statement is true.

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Principles of Macroeconomics

ISBN: 978-0134078809

12th edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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Question Posted: Dec 27, 2018 07:51 AM

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In an economy with reasonably flexible prices and wages, full employment is almost always maintained. Explain why

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Quite simply it is because the labor market clea...View the full answer

Principles of Macroeconomics

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