In a Model with Sticky Nominal Wages an Increase in the Money

question 58

Multiple Choice

In a model with sticky nominal wages an increase in the money supply will:

• A)raise the real wage.
• B)increase real output.
• C)decrease the labour input.
• D)all of the above.

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Definitions:

Nonrestrictive

A term or clause that provides additional information without limiting or defining the subject in question, and is often set off by commas.

Connective

In logic and linguistics, a term for words or phrases that link propositions and sentences together to form coherent text.

Predicate

The part of a sentence or clause that tells something about the subject, often relating to an action or attribute.

Nonrestrictive Clause

A type of clause that provides extra information about a noun in a sentence but does not limit its meaning.