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Why can't all the prices and wages be the same and everything be in equilibrium?
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I tried searching for this topic on Google, but I was directed to a random question asking about prices staying the same. It didn't consider wages being the same though.
I am wondering if it is possible to have all the prices and all the wages be the same at the same time, and everything is at equilibrium.
The prices stay the same, always at a constant price.
The wages also stay the same, also at a constant wage, and the wages are enough to afford a comfortable lifestyle.
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- 5 months ago
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