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The degree of wage stickiness in the real world: Multiple Choice has been estimated by economists....

The degree of wage stickiness in the real world: Multiple Choice has been estimated by economists. is agreed upon by economists as a concept, but controversial in how it's measured. is agreed upon by economists, but not accepted by others, like policymakers. is controversial, even among economists.

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is controversial, even among economists

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Degree of wage stickiness means the wage keep as it is even if there is a change in price level for a given time but the time frame is controversial among economists as well because the wage sickness depends on many factors as the economy is developed and most of the sectors are organized then it may be higher but if the country is underdeveloped then sectors are unorganized and there may not be many contracts and laws to rule all the sectors so the change in the price may affect wages early but the data, in this case, shows different trend so it is controversial even among economists.

Rahul Sunny answered 2 years ago
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