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    Business
  3. Study Set
    Economics Study Set 7
  4. Exam
    Exam 23: Macroeconomic Policy: Tradeoffs, Expectations, Credibility, and Sources of Business Cycles
  5. Question
    Wage Contracts Force Businesses to Adjust Wages Rather Than Employment
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Wage Contracts Force Businesses to Adjust Wages Rather Than Employment

Question 2

Question 2

True/False

Wage contracts force businesses to adjust wages rather than employment in response to an unexpected change in aggregate demand.

Correct Answer:

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