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.
a
You might also like to view...
An example of a stock would be
A) real GDP. B) savings. C) investment. D) the amount of money in circulation.
The above figure shows the reaction functions for two pizza shops in a small isolated town. The Cournot equilibrium is at point
A) a. B) b. C) c. D) d.
If the cross-elasticity of demand for two goods is positive, this means that the goods are:
a. normal goods. b. inferior goods. c. substitutes. d. complements.
In some areas, local appraisers have formed ________________________.
Fill in the blank(s) with the appropriate word(s).