Do you think it is rational for workers to prefer sticky wages to wage cuts, when the
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Do you think it is rational for workers to prefer sticky wages to wage cuts, when the consequence of sticky wages is unemployment for some workers? Why or why not? How do the reasons for sticky wages explained in this section apply to your argument?
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The preference for sticky wages over wage cuts among workers is a complex issue and can vary based on individual circumstances economic conditions and ...View the full answer
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