For This Question,assume That Expectations of Productivity Are Slow to Adjust.Further

question 27

Multiple Choice

For this question,assume that expectations of productivity are slow to adjust.Further assume that A had been increasing by 6% a year.Now suppose that A only increases by 2% in period t.This slowdown in productivity growth will cause

• A)the PS relation to shift up more than the WS relation.
• B)the WS relation to shift up more than the PS relation.
• C)the natural rate of unemployment to fall.
• D)the real wage to fall.

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