00000caa a22000003i 4500 UP-1685594773862388269 Buklod 20210308112639.0 m | | ta 210308s1988 xx r |||| u|eng d (iLib)UPBAG-00039458271 BAG rda eng ARTICLE-2498 Encarnacion, Jose, Jr. author. Price decisions and employment equilibrium Jose Encarnacion, Jr. 1988. pages 243-253 illustrations 25 cm text rdacontent unmediated rdamedia volume rdacarrier Includes bibliographical references (page 253). Instead of expected profit maximization, this paper assumes a safety-first objective so that the firm will set a higher price for its product if cost or demand is higher, which has macroeconomic implications. With all firms in the economy as price setters, there is an equilibrium of prices which entails as employment equilibrium with inflation, and allows for procyclical real wages. Prices. Supply and demand. Employment (Economic theory). The Philippine Review of Business and Economics Vol. XXV, Nos. 3 & 4 (September & December 1988), p. 243-253. (viewed 08 March 2021) FI UPBAG UPBAG-MAIN ARTICLE-2498 Analytics