Assess the following statements (S 1) and (S 2). Are they both true, both false or is

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Assess the following statements $S 1$ and $S 2$. Are they both true, both false or is only one true? Justify your answer.

S1. When output is above equilibrium, wage setters will secure wage increases that reflect the tightness of the labour market.

S2. If output is consistently above equilibrium, then wage-setters' real wage expectations are constantly frustrated.

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Macroeconomics Institutions Instability And The Financial System

ISBN: 9780199655793

1st Edition

Authors: Wendy Carlin, David Soskice

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Question Posted: Jun 10, 2024 02:09 AM

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Assess the following statements (S 1) and (S 2). Are they both true, both false or is

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Macroeconomics Institutions Instability And The Financial System

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