This is illustrated in Figure 3.6. Workers know the supply and demand schedules for Figure 3.6. Wage

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This is illustrated in Figure 3.6. Workers know the supply and demand schedules for Figure 3.6. Wage setting with single-period contracts 71 Overlapping%

consider the case 1 CC 1 ue to assur

, .,,Lilt WAU1 Intl e:..

contracts in existence tom ::od t -1(to kozmulated in period t •

.(t - 1) E1-1

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Foundations Of Modern Macroeconomics

ISBN: 9781264857937

1st Edition

Authors: Ben J. Heijdra, Frederick Van Der Ploeg

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