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Consider two economies: one operates according to the sticky-wage model and one operates under the sticky-price model. Aggregate demand unexpectedly falls in both countries, leading to a recession and | Homework.Study.com
![Consider two economies: one operates according to the sticky-wage model and one operates under the sticky-price model. Aggregate demand unexpectedly falls in both countries, leading to a recession and | Homework.Study.com Consider two economies: one operates according to the sticky-wage model and one operates under the sticky-price model. Aggregate demand unexpectedly falls in both countries, leading to a recession and | Homework.Study.com](https://homework.study.com/cimages/multimages/16/sticky_wage5709276633861057234.jpg)
Consider two economies: one operates according to the sticky-wage model and one operates under the sticky-price model. Aggregate demand unexpectedly falls in both countries, leading to a recession and | Homework.Study.com
Principles of Macroeconomics 2e, Unemployment, What Causes Changes in Unemployment over the Short Run | OERTX
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Sticky Prices Theory, Model & Influences | What are Sticky Prices? - Video & Lesson Transcript | Study.com
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