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    Economics Today
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    Exam 8: Modelling Real Gdp and the Price Level in the Short Run
  5. Question
    Explain the Problem of "Sticky Wages" and the Implications for the Long-Run
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Explain the Problem of "Sticky Wages" and the Implications for the Long-Run

Question 42

Question 42

Essay

Explain the problem of "sticky wages" and the implications for the long-run equilibrium.Can something be done to eliminate this problem?

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