Wage-price rigidity can be understood as workers not accepting wages based on not being paid enough to live comfortably. I do agree with Keynes’ assessment that wage-price rigidity requires government’s involvement in the markets. Like most situations I believe if the government steps in during the early stages it would help stop a possible larger deficit from developing. I think that if the government would say raise federal minimum wage it could potentially have a positive turn around for the overall public because more people will be able to purchase more products. Price rigidity would be beneficial to some many during times like now with gas prices are continuing to climb with no relief insight. Government intervention could also has a few minor setbacks as it could stall growth in a particular field that could mean the loss of jobs or employers being forced to let go of some employees to keep the business above water. – Christopher
50-100 Word Macroeconomics Discussion response50-100 Word Macroeconomics Discussion response
A professional Academic Services Provider
Superb Writers Classic Essays Prioritizes Quality, Accountability, Professionalism, and Timely DeliveryAt Superb Writers, we have qualified experts including writers providing quality papers at all times. The company seeks to aid learners all through the education process while easing their journey. Customer satisfaction is our emblem, and as the name suggests, our customers have a SUPERB experience with us. We purpose to help learners comprehend their classwork and homework to attain high grades. Our writers, editors, managers, customer service personnel are friendly; hence, providing a conducive environment to interact with you; the client. We offer guidance across various tasks including essay wring, article writing, thesis proposals, dissertations, coursework, and project management among others.
Our Core Values
Process of Placing an Order