Suppose that a countrys workers are universally protected, Ask an Expert

Economics

Suppose that a country's workers are universally protected by COLA's and an adverse SAS shock, occurs. After wage and price adjustments, ceteris paribus, we find

output falls dramatically and unemployment rises.

real wages decline and unemployment rises.

real wages rise and unemployment falls.

none of the above

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91572705

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