What would you expect to happen to the firms unit labor cost
Problem
Suppose in a given year a firm's productivity increases by 2% and its nominal wages rise by 5%. What would you expect to happen to the firm's unit labor costs and product price?
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Problem: Summarize key points from the cultural proficiency lecture.
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Suppose in a given year a firm's productivity increases by 2% and its nominal. What would you expect to happen to the firm's unit labor costs and product price?
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