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Use the Following to Answer Questions

Question 107

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Use the following to answer questions.
Exhibit: Aggregate Production Function, Labor Market, and LRAS Use the following to answer questions. Exhibit: Aggregate Production Function, Labor Market, and LRAS -(Exhibit: Aggregate Production Function, Labor Market, and LRAS) In the long run, any price level is consistent with a real wage of $40,000 because A) real wage is perfectly flexible. B) the labor force is perfectly mobile. C) nominal wage is perfectly flexible. D) nominal wage is sticky.
-(Exhibit: Aggregate Production Function, Labor Market, and LRAS) In the long run, any price level is consistent with a real wage of $40,000 because


A) real wage is perfectly flexible.
B) the labor force is perfectly mobile.
C) nominal wage is perfectly flexible.
D) nominal wage is sticky.

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