How is this related to steady state unemployr in the economy?

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter21: Unemployment
Section: Chapter Questions
Problem 38CTQ: Under what condition would a decrease in unemployment be bad for the economy?
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Graphically explain the concept of wage rigidity.
How is this related to steady state unemployment
in the economy?
Transcribed Image Text:Graphically explain the concept of wage rigidity. How is this related to steady state unemployment in the economy?
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