3 ms·
Wages are sticky? If only I thought of that - then I probably would have said "recessions are caused by workers refusing to accept work at a lower nominal wage
by yummyfajitas 11y ago
Wages are sticky? If only I thought of that - then I probably would have said "recessions are caused by workers refusing to accept work at a lower nominal wage and instead become unemployed" in my very first post.
I'm glad we are in complete agreement (apart from mood affiliation).