Solved: A what is the real wage as determined by the price-setting, Macroeconomics

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A what is the real wage as determined by the price-setting

Suppose that the markup of goods prices over marginal cost is 10% Wage-setting equation: W= P(1- u) where u is the unemployment rate

Required:

a. What is the real wage, as determined by the price-setting equation?

b. What is the natural rate of unemployment?

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Macroeconomics: A what is the real wage as determined by the price-setting

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Macroeconomics: A what is the real wage as determined by the price-setting

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