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*If the price level in the current period is higher than buy-ers and sellers anticipated, what will tend to happen to real wages and the
*If the price level in the current period is higher than buy-ers and sellers anticipated, what will tend to happen to real wages and the level of employment? How will the profit margins of businesses be affected? How will the actual rate of unemployment compare with the natural rate of unem-ployment? Will the current rate of output be sustainable in the future? Why or why not
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Managerial Economics
Authors: Mark Hirschey
14th edition
9781473709263, 1473709261, 1473717343, 1473717345, 978-1305506381
