Refer to the following figure when answering the following questions.
Figure 15.2: The Labor Market
-In the stylized DSGE model for the labor market displayed in Figure 15.2, the line marked is due to which of the following?
i. Cyclical unemployment
ii. Sticky prices
iii. Sticky wages
A) iii
B) i and ii
C) ii
D) i
E) ii and iii

Question

Refer to the following figure when answering the following questions.
Figure 15.2: The Labor Market 
-In the stylized DSGE model for the labor market displayed in Figure 15.2, the line marked  is due to which of the following?
i. Cyclical unemployment
ii. Sticky prices
iii. Sticky wages
A) iii 
B) i and ii 
C) ii 
D) i 
E) ii and iii

Quizplus · Accepted Answer

The Answer of Refer to the following figure when answering the following questions.
Figure 15.2: The Labor Market 
-In the stylized DSGE model for the labor market displayed in Figure 15.2, the line marked  is due to which of the following?
i. Cyclical unemployment
ii. Sticky prices
iii. Sticky wages
A) iii 
B) i and ii 
C) ii 
D) i 
E) ii and iii

Refer to the Following Figure When Answering the Following Questions