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    Macroeconomics Principles Study Set 1
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    Exam 14: Macroeconomic Policy: Challenges in a Global Economy
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    Given That Wages Are Often the Highest Cost for a Firm
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Given That Wages Are Often the Highest Cost for a Firm

Question 167

Question 167

Essay

Given that wages are often the highest cost for a firm, is it possible for wages to rise and prices to fall? Explain.

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