Wage rigidity
Revision as of 19:42, 2 July 2020 by Kainat9 (talk | contribs) (Created page with "Wage rigidity is the failure of wages to adjust to equilibrate labor supply and labor demand. ==Definition== According to Macroeconomics by Mankiw (7th edition), :W...")
Wage rigidity is the failure of wages to adjust to equilibrate labor supply and labor demand.
Definition
According to Macroeconomics by Mankiw (7th edition),
- Wage rigidity. The failure of wages to adjust to equilibrate labor supply and labor demand.