(Answered) 1 policy topic we have a recession what do i need to know

Economics

1. Policy Topic: We have a recession. What do I need to know about "sticky wages?"

a. Explain the concept

b. Describe and analyze all of the theories cited about why wages might be "sticky."

c. How do "sticky" wages play a large role in policy effectiveness?

d. How does this concept change the policy approaches of Keynesians and Classicalists?

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Microeconomics, Economics

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