5. If wages are sticky downward, why will a decrease in aggregate demand primarily reduce real output?

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Exploring Macroeconomics

ISBN: 9781111970314

5th Edition

Authors: Robert L. Sexton

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Question Posted: Oct 30, 2024 08:00 AM

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5. If wages are sticky downward, why will a decrease in aggregate demand primarily reduce real output?
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5. If wages are sticky downward, why will a decrease in aggregate demand primarily reduce real output?

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Exploring Macroeconomics

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