What is the role of the state of the economy

Reference no: EM133438890

Question: In the module reading, an equation was derived which explains where increases in wages may come from: (a) changes in productivity and (b) changes in prices (inflation). Explain why this equation does not always work smoothly in terms of which side (workers or companies) reap the rewards of rising productivity. What is the role of the state of the economy (business cycle) in determining the rate at which wages might rise? Explain.

Reference no: EM133438890

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