Enter aggregate supply - Why may actual output deviate from potential output?
5 important questions on Enter aggregate supply - Why may actual output deviate from potential output?
What does the New Keynesian theory of aggregate supply compromise?
What two assumptions underly the New Keynesian theory of aggregate supply?
Firms employ any number of available workers at the negotiated nominal wage
How does the process of wage setting work within the new keynesian theory of aggregate supply? (include bargaining)
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What will happen, looking at the employment, when the expected price levels are lower than expected during the negotiation in the new keynesian theory of aggregate supply?
Why will firms looking for employees when the price levels turn out higher than expected still be able to find new workers in the new keynesian theory of aggregate supply?
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