Why are nominal wages inflexible downward? What is the implication of this characteristic for the ability of
Question:
Why are nominal wages inflexible downward? What is the implication of this characteristic for the ability of involuntary demand-deficient unemployment to persist for a considerable length of time?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Wages are like any other goods and subject to the low of supply and demand the decline in the aggregate demand for output reduces the demand for labor ...View the full answer
Answered By
Dheeraj Singh Mehta
I am graduated from Delhi University, Studied Economics, Political Science, and History as a subject.
After that, I used to prepared for the complete exam and crack many examinations and currently working in the BIS Registration department.
Learning and teaching is a passion for me that-why I used to perform as a teacher in my home running tuition center.
in the era of the Covid pandemic, Students prefer online study, so we switching from home tuition to online.
Solution Inn sounds like a great platform for online teaching and learning
0 Reviews
10+ Question Solved
Related Book For 
Contemporary Labor Economics
ISBN: 978-1259290602
11th Edition
Authors: Campbell R. McConnell, Stanley L. Brue, David Macpherson
Question Posted:
