How are changes in the real wage rate related to changes in real GDP during most of the time pictured in your graph? Can you spot a short period of time on your graph when this relationship is violated? Explain what was going on during this short period of time which changed the normal relationship between changes in the real wage rate and changes in real GDP.
Here is a hint for the last question: A few times this semester you have read about an interesting phenomenon that took place during the Great Recession. This phenomenon is what caused real wages to behave in a weird way during that time.
Last Completed Projects
| topic title | academic level | Writer | delivered |
|---|