The article explores how setting the right prices and wages in an economy can lead to efficient outcomes and stability during demand shocks. By balancing labor revenue and job creation costs, a specific price and wage can achieve the best results. The study shows that when bargaining over prices and wages, meeting a double Hosios condition not only implements efficient allocation but also minimizes the impact of demand shocks on job creation and labor market tightness. The response of wages to changes in unemployment levels becomes less pronounced as workers have less bargaining power. Efficient rent sharing between consumers and producers can affect the slope of a wage Phillips curve, indicating the efficiency of resource allocations.