The assumption that wages change more slowly than prices implies that the
A) aggregate demand curve has a positive slope.
B) aggregate demand curve has a negative slope.
C) Phillips Curve has a negative slope.
D) Phillips Curve has a positive slope.
C
You might also like to view...
Along a downward-sloping, linear demand curve, total revenue is the greatest
A) where demand is unit elastic. B) where demand is normal. C) where demand is the most elastic. D) where demand is the most inelastic.
Network affects can be present when the
A) internet was initially open to everyone. B) costs of production are low relative to the cost of distribution. C) cost of production are low relative to the costs of rent-seeking. D) costs of distribution are low relative to the costs of production.
What are the three major types of unemployment? What are their causes?
Keynesians believe that the transactions demand for money influences the velocity of money
Indicate whether the statement is true or false