What are the key characteristics of labour contracts in the model of nominal-wage rigidity? What explanation do

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What are the key characteristics of labour contracts in the model of nominal-wage rigidity? What explanation do Keynesians offer for why employees and firms would find it beneficial to sign nominal-wage contracts?

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Macroeconomics

ISBN: 978-0321675606

6th Canadian Edition

Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone

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Question Posted: Apr 01, 2016 03:55 AM

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What are the key characteristics of labour contracts in the model of nominal-wage rigidity? What explanation do

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These contracts specify what nominal wages will be paid over the course of the contract They commit ...View the full answer

Macroeconomics

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