Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Chapter 25, Problem 19CTQ

Does it make sense that wages would be sticky downwards but not upwards? Why or why not?

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Does it make sense that wages would be sticky downwards but not upwards? Why or why not?
Are wages more sticky upwards or downwards? Why? Explain.
Why do sticky wages and prices increase the impact of an economic downturn on unemployment and recession?
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