In the Short Run in a Model with Sticky Prices

question 44

Multiple Choice

In the short run in a model with sticky prices:

• A)the labour input is countercyclical.
• B)the average product of labour is procyclical.
• C)the real wage rate in procyclical.
• D)all of the above.

---

Definitions:

Location

A particular place or position.

Vomiting

The forceful expulsion of stomach contents through the mouth, often resulting from nausea or illness.

-Globin

A suffix referring to a group of proteins, such as hemoglobin, that contain heme and bind or transport oxygen.

Protein

Large biomolecules consisting of one or more long chains of amino acid residues, crucial for biological processes.