NerdWannabe
NerdWannabe NerdWannabe
  • 23-07-2020
  • Business
contestada

What are the consequences of Real wage unemployment?

Respuesta :

segekale segekale
  • 23-07-2020

Answer:

Explanation:

Firstly, in a recession, if you cut wages, it will cause a fall in spending because people have less income, this will reduce aggregate demand and therefore lead to lower economic growth. This, in turn, will lead to less demand for labour.

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johndr2210 johndr2210
  • 23-07-2020
This is a good question, I feel like the person who first responded gave a good detailed academic answer!
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