To solve unemployment in short-run equilibrium, waiting for wage adjustment would be quicker than proactive policy intervention.

Name: To solve unemployment in short-run equilibrium, waiting for wage adjustment would be quicker than proactive policy intervention.
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Wage adjustments can be slow due to contracts, negotiations, and resistance to wage cuts, making proactive policy interventions (like fiscal or monetary policy) often quicker to address short-run unemployment.

To Solve Unemployment in Short-Run Equilibrium, Waiting for Wage Adjustment