The Sticky-Wage Theory of the Short-Run Aggregate Supply Curve Says

question 113

Multiple Choice

The sticky-wage theory of the short-run aggregate supply curve says that when the price level rises more than expected, production is

• A)more profitable and employment and output rises.
• B)more profitable and employment and output falls.
• C)less profitable and employment and output rises.
• D)less profitable and employment and output falls.

---

Definitions:

1930s Movies

Films produced during the decade of the 1930s, notable for the rise of Hollywood's Golden Age.

FBI

The Federal Bureau of Investigation, a domestic intelligence and security service of the United States, and its principal federal law enforcement agency.

Public Enemy

generally refers to an individual or group considered as threatening to the safety or security of a community or nation.

Eleanor Roosevelt

A prominent American political figure, humanitarian, and First Lady from 1933 to 1945, known for her advocacy for civil rights and women's equality.