Multiple Choice
Staggered price and wage setting means that
A) inflation tends to increase over time.
B) inflation tends to decrease over time.
C) prices are adjusted at a different time of the year than wages.
D) at any given time the majority of prices and wages are fixed.
E) past changes in wages and prices have no impact on current changes in wages and prices.
Correct Answer:
Verified
Correct Answer:
Verified
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