Should wages and salaries be indexed to economic performance

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In this discussion, you will explain the role of the business cycle in government and private sector decisions. Data on GDP and economic growth are considered lagging indicators because they report information on what is already known. What sources of forward looking data exist to help individuals, firms, and governments to anticipate changes in the business cycle? How reliable are these indicators? Should wages and salaries be indexed to the economic performance? What effect would such a measure have on the economy?

Reference no: EM13852592

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