Multiple Choice
If workers actively demand pay increases when the price level is rising and are willing to accept pay cuts when the price level is falling,then the short-run aggregate supply curve would be
A) negatively sloped.
B) nearly vertical.
C) nearly horizontal.
D) positively sloped as usual.
E) always shifting to the right or the left.
Correct Answer:
Verified
Correct Answer:
Verified
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