Question
Discuss the concept of the equilibrium (or natural) rate of unemployment in a model with imperfect markets. Show how an increase in the mark-up over
Discuss the concept of the equilibrium (or "natural") rate of unemployment in a model with imperfect markets. Show how an increase in the mark-up over costs affects the equilibrium (or "natural") rate of unemployment and real wages.
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Legal Fundamentals for Canadian Business
Authors: Richard A. Yates
4th edition
133370283, 978-0133370287
