“… the tendency for rising prices to depress real wages … would be more than offset … by falling unemployment.”— E.K-H (@AXECorg) March 7, 2023
The macroeconomic #EmploymentLaw tells one that #Employment L decreases (#UnEmployment increases) if the product price P rises faster than the wage rate W. pic.twitter.com/vZCb8kGiV9
March 7, 2023
Occasional Tweets: Elementary economics ― inflation up, employment down
For more about inflation see AXECquery.