If wages and prices adjust slowly, we would expect expansionary monetary policy to be unemployment rate to decrease
Wages and salaries are the remuneration for work agreed upon by an employee and his or her employer under a contract of employment in the private sector, and for contractual agents in the public sector, or employment for government officials.
Salary is a type of "price." Reduced to a unit of work volume, such as an hour (hourly salary) or a full-time equivalent (FTE wage),
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