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For the economy from late 2016 - 2019 (before the Pandemic) economists referred to problems with sticky wages. What is meant by sticky wages? How/why
For the economy from late 2016 - 2019 (before the Pandemic) economists referred to problems with "sticky" wages. What is meant by sticky wages? How/why do they occur? How does this explain the shape of the short-run aggregate supply curve?
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