Business, 06.12.2019 06:31 AnimeGurlBYah

Wage contracts, efficiency wages, and the minimum wage are explanations for why:
a. competition results in price wars
b. wages tend to be inflexible downward
c. the aggregate demand curve slopes downward
d. there is little support for the existence of a real-balances effect

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Wage contracts, efficiency wages, and the minimum wage are explanations for why:
a. competit...