The idea that nominal wages are slow to adjust to changing economic conditions can explain the ________ slope of the short-run aggregate-supply curve.

a) upward
b) downward
c) horizontal
d) vertical


Ans: a) upward

Economics

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In 2006, before the Great Recession, the economy was booming and consumer demand was high, making the:

A. demand for loanable funds increase and shift to the right. B. demand for loanable funds decrease and shift to the left. C. supply of loanable funds increase and shift to the right. D. supply of loanable funds decrease and shift to the left.

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Which of the following exchanges handles numerous technology companies including Intel and Microsoft?

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Which of these is an example of a fiscal policy?

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Economics