The "Asymmetry" in the Behaviour of the AS Curve Implies

question 49

Multiple Choice

The "asymmetry" in the behaviour of the AS curve implies that

• A)unemployment can persist for a while without causing large decreases in wages and prices.
• B)wages are very flexible in the downward direction.
• C)wages and prices are equally sticky in both directions.
• D)booms can persist for a long time without causing increases in wages and prices.
• E)prices are sticky but wages are not.

---

Definitions:

Sexual Minority

Individuals who do not identify as heterosexual, encompassing a range of non-heteronormative sexual orientations and identities.

Sexual Majority

The age at which a person is considered legally competent to give consent to sexual activities.

Transsexual

A term describing a person whose gender identity does not align with their birth-assigned sex, often undergoing medical treatments to transition.

Transvestites

Individuals who dress in clothing traditionally or culturally associated with the opposite sex, often but not exclusively for reasons related to gender identity or expression.