George Akerlof Quotes

Authors: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Categories: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
In New Classical theory, periods of declining employment - business cycle downturns - may be caused by an unexpected decline in aggregate demand, which leaves workers mistakenly holding out for nominal wages that exceed the new market-clearing level.

-George Akerlof
in-new-classical-theory-periods-declining-employment-business-cycle-downturns-may-be-caused-by-unexpected-decline-in-aggregate-demand-which-leaves-workers-mistakenly-holding-out-

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APA
George Akerlof Quotes. (n.d.). Jar of Quotes. Retrieved , from JarofQuotes.com Web site: https://www.jarofquotes.com/view.php?id=in-new-classical-theory-periods-declining-employment-business-cycle-downturns-may-be-caused-by-unexpected-decline-in-aggregate-demand-which-leaves-workers-mistakenly-holding-out-

Chicago
George Akerlof Quotes. Jar of Quotes, 2020. https://www.jarofquotes.com/view.php?id=in-new-classical-theory-periods-declining-employment-business-cycle-downturns-may-be-caused-by-unexpected-decline-in-aggregate-demand-which-leaves-workers-mistakenly-holding-out-, accessed .

MLA
"George Akerlof Quotes." Jar of Quotes, 2020. . https://www.jarofquotes.com/view.php?id=in-new-classical-theory-periods-declining-employment-business-cycle-downturns-may-be-caused-by-unexpected-decline-in-aggregate-demand-which-leaves-workers-mistakenly-holding-out-

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