5.4 Wages and other input prices may be slow to adjust, especially downward. This downward wage and...

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5.4 Wages and other input prices may be slow to adjust, especially downward.

This downward wage and price infl exibility may lead to prolonged periods of recession.

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Survey Of ECON

ISBN: 9780538478090

1st Edition

Authors: Robert L. Sexton

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