Why Wages Don't Fall During a Recession

Name: Why Wages Don't Fall During a Recession
Brand: Harvard University Press
SKU: 9780674009431
Price: 5364.00 INR
Availability: InStock

by Truman F. Bewley

Harvard University Press

₹5,364

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From the publisher

A deep question in economics is why wages and salaries don't fall during recessions. This is not true of other prices, which adjust relatively quickly to reflect changes in demand and supply. Although economists have posited many theories to account for wage rigidity, none is satisfactory.

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