Sticky nominal wages can result in
A)lower profits for firms when the price level is lower than expected.
B)a decrease in real wages when the price level is lower than expected.
C)a short-run aggregate-supply curve that is vertical.
D)a long-run aggregate-supply curve that is upward-sloping.

Question

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The Answer of Sticky nominal wages can result in
A)lower profits for firms when the price level is lower than expected.
B)a decrease in real wages when the price level is lower than expected.
C)a short-run aggregate-supply curve that is vertical.
D)a long-run aggregate-supply curve that is upward-sloping.

Sticky Nominal Wages Can Result in