The Coordination Approach to the Phillips Curve Focuses on the Fact

Multiple Choice

The coordination approach to the Phillips curve focuses on the fact that

A) administrations have problems coordinating fiscal policy with the monetary policy of the central bank
B) long-term labor contracts tend to expire at different times, so firms cannot coordinate their hiring
C) unemployed workers are not organized enough to influence wage negotiations
D) firms are unsure about their competitors' behavior and are therefore reluctant to change wages and prices following a change in aggregate demand
E) workers have only imperfect information about their real wages