Based on our understanding of the wage-setting equation, whichof the following will cause a reduction in the nominal wage?
A. a reduction in expected productivity.
B. an increase in unemployment.
C. a reduction in the expected price level.
D. all of the above.
E. none of the above
Based on our understanding of the wage-setting equation, which of the following will cause a reduction in the nominal
-
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am