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Business, 13.06.2020 16:57 jackfrost5

Assume that wages and prices are sticky. When demand for labor shifts to the left, the amount of labor supplied in the short run will be units. (Hint: According to Keynes, as wages are sticky or fixed in the short run, a decrease in the demand for labor will cause a gap to open between quantity demanded and quantity supplied of labor.)

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Assume that wages and prices are sticky. When demand for labor shifts to the left, the amount of lab...
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