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If Workers Realize That an Increase in Nominal Wage Rates

question 125

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If workers realize that an increase in nominal wage rates also constitutes a rise in real wages, then we would expect an increase in employment and an upward movement along the short-run Phillips curve.

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LinkedIn

A professional networking platform designed for career and business professionals to connect, share information and opportunities, and build professional relationships.

Target Market

The particular demographic that a product or service targets.

Organizations

Groups or entities comprising individuals and resources working together towards common objectives or goals.

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