Multiple Choice
The sticky-wage theory of the short-run aggregate supply curve says that the quantity of output firms supply will increase if
A) the price level is higher than expected making production more profitable.
B) the price level is higher than expected making production less profitable.
C) the price level is lower than expected making production more profitable
D) the price level is higher than expected making production less profitable
Correct Answer:
Verified
Correct Answer:
Verified
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