If wages increase, how will this affect how many workers firms will hire in the long run?
Question:
If wages increase, how will this affect how many workers firms will hire in the long run?
Industry:
The term "industry" contributes to economic activities that involve the conversion of resources into valuable objects. Inside this industry allows better use of advanced technologies and specific skills.
Answer and Explanation: 1
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View this answerAn expansion in demand or a decline in supply will raise wages, whereas an advance in supply or a demand reduction will lower them. The demand curve...
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Sticky Wages and Prices: Effect on Equilibrium
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Chapter 7 / Lesson 9
18K
Understand what sticky wages and sticky prices are. Comprehend wage rigidity. Discover why sticky wages and prices are important in Keynesian decision-making.
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