The Only Way to Rationalize an Upward Slope for the Short-Run

question 128

True/False

The only way to rationalize an upward slope for the short-run aggregate-supply curve is to argue that wages are sticky in the short run.

---

Definitions:

Organizational Hierarchy

A system within a company or organization that ranks positions in an ascending order of authority and responsibility.

Flexible Benefit Plans

These are employee benefit programs that allow workers to choose from a range of benefits to tailor their compensation package to their personal needs and preferences.

Concealing

The act of hiding something or preventing it from being known or seen.

Economic Value

The worth of a good or service as determined by the market or the value it brings to the transaction.