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What Are the Short Run Effects of a Real Wage

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What are the short run effects of a real wage misperception in the market clearing model?


Definitions:

Voices

Auditory experiences where a person hears sounds or speech without external stimulus, commonly associated with certain mental health conditions.

Stress

A physical or emotional reaction to demanding or threatening situations, causing strain or tension.

Mood Disorders

A category of mental disorders involving persistent disturbances in a person's mood, leading to periods of depression or elevated moods.

Onset

The beginning or start of something, often used in the context of diseases, disorders, or phenomena.

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