1.How much would wages have to rise to raise employment by 1% or 2%, according to these...
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1.How much would wages have to rise to raise employment by 1% or 2%, according to these estimates? (Note: This is roughly how much employment rises during a boom.) Is this
"wage-channel" effect large enough to explain most of the job fluctuations we see during real world business cycles?
Change in employment 0.25%
0.20%
0.15%
0.10%
0.05%
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