Wage Determination 22 Generally, one could have the following y 2p equation regarding the wage determination: o w=Pg(u,z) where pe is the expected price, u is the unemployment rate and z represent other factors. In particular, one could assume pe=PWage Determination • Generally, one could have the following equation regarding the wage determination: • where is the expected price, u is the unemployment rate and z represent other factors. In particular, one could assume W P g(u,z) e = e P P P e =