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Author Question: The argument that the nominal wage is fixed because of long-term labour contracts (Read 158 times)

RRMR

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on: Jan 2, 2020
The argument that the nominal wage is fixed because of long-term labour contracts
◦ does not take into account why such a contract would be written.
◦ explains sticky price models.
◦ closely fits the real world..
◦ explains equilibrium business cycle models..
◦ means that productivity shocks are an important cause of business cycles..
Macroeconomics, Canadian Edition ¦ Williamson ¦ 4th Edition
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Marked as best answer by RRMR on Jan 2, 2020

ilianabrrr

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Reply #1 on: Jan 2, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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RRMR

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Reply 2 on: Jan 2, 2020
Excellent

mcabuhat

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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