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Tag Archives: labor
Sticky wages?
As we start to look at for the first time with G11 and revise with G12 the difference between the Monetarist and Keynesian views on LRAS, in particular the existence of ‘sticky wages’, here is an interesting article from the … Continue reading
Posted in 2. Macroeconomics, Economics
Tagged Adam Seldis, IB Economics, Keynes, labor, labour, Macroeconomics, sticky wages
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When it comes to wages, sometimes more is really less…
In the UK the financial year ends at the start of April and for many companies now is the time of year that they award pay rises to their hard-working and loyal employees. Data shows that the average salary in … Continue reading
Posted in 2. Macroeconomics, Economics
Tagged Adam Seldis, IB Economics, labor, labour, MIcroeconomics, wages
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