If Output Is Above Its Natural Rate,then According to Sticky-Wage

question 115

Multiple Choice

If output is above its natural rate,then according to sticky-wage theory

• A)workers and firms will strike bargains for higher wages.This increase in wages shifts the short-run aggregate supply curve right.
• B)workers and firms will strike bargains for higher wages.This increase in wages shifts the short-run aggregate supply curve left.
• C)workers and firms will strike bargains for lower wages.This decrease in wages shifts the short-run aggregate supply curve right.
• D)workers and firms will strike bargains for lower wages.This decrease in wages shifts the short-run aggregate supply curve left.

---

Definitions:

Superstitious Behaviors

Actions linked to beliefs in supernatural causality, where an individual believes that a particular behavior will influence outcomes, irrespective of any logical connection.

Operant Conditioning

Operant conditioning is a learning process through which the strength of a behavior is modified by reinforcement or punishment.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired together; an unconditioned stimulus and a neutral stimulus, eventually causing the neutral stimulus to elicit the conditioned response alone.

Behavior Controller

A tool or method used to modify or manage actions and reactions in individuals or animals, often for therapeutic or training purposes.