The sticky-wage theory of the short-run aggregate supply curve says that when the price level rises more than expected,
A) production is more profitable and employment rises.
B) production is more profitable and employment falls.
C) production is less profitable and employment rises.
D) production is less profitable and employment falls.
Correct Answer:
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Q31: Which of the following would shift long-run
Q32: The aggregate supply curve is
A)vertical in the
Q33: Other things the same,continued increases in the
Q34: A candidate for political office announces the
Q35: Wages tend to be sticky
A)because of contracts,social
Q37: The aggregate supply curve is upward sloping
Q38: Other things the same,if the long-run aggregate
Q39: In the long run,an increase in the
Q41: Other things the same,if workers and firms
Q158: Other things the same, if technology increases,
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