Union Impact on Labor Productivity and the Price-Setting Curve
Beyond influencing the wage-setting curve, trade unions can also affect the price-setting (PS) curve by impacting the average productivity of labor. Depending on their actions, unions can either foster productivity growth, causing the PS curve to rise, or hinder it, which would have the opposite effect.
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Economics
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Introduction to Macroeconomics Course
Ch.2 Unemployment, wages, and inequality: Supply-side policies and institutions - The Economy 2.0 Macroeconomics @ CORE Econ
The Economy 2.0 Macroeconomics @ CORE Econ
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