Assume the u.s. and canada are hit by a negative aggregate, Ask an Expert

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Assume the U.S. and Canada are hit by a negative aggregate supply shock and suppose real wage are flexible in the U.S. but rigid in Canada. Use the labor market and the production function to describe the effect on employment, output, and the real wage in both countries. Where will the effects be more severe?

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International Economics, Economics

Category:- International Economics
Reference No.:- M9481316

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