When Economists Address the Concept of Price and Wage Stickiness

question 18

Multiple Choice

When economists address the concept of price and wage stickiness in relation to the business cycle,they are referring to

• A) nominal prices and nominal wages.
• B) real prices and real wages.
• C) both nominal and real prices and wages.
• D) both nominal and real prices, but only real wages.

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Definitions:

Circularity

A geometric term referring to the attribute of a shape being round, measured typically by how much a part deviates from a perfect circle.

Feature Control Frame

A rectangular box that contains the geometric characteristics and tolerances applicable to the features of parts in technical drawings.

Datum Surface

A reference surface or point from which measurements are taken to ensure parts are manufactured, or assembled correctly.

Flat Surface

A surface that has a continuous planar extension in which any two points can be joined by a straight line that lies entirely in the surface.