Even If Expectations of Inflation Are Rational,sluggish Adjustment of Wages

question 73

True/False

Even if expectations of inflation are rational,sluggish adjustment of wages and prices will still create a short-run trade-off between inflation and unemployment.

---

Definitions:

Breathing

The process of inhaling and exhaling air to facilitate gas exchange within the body, primarily oxygen intake and carbon dioxide expulsion.

Blood Pressure

The force exerted by circulating blood on the walls of blood vessels, often measured for health assessments.

Cerebellum

A major structure of the hindbrain that controls fine motor skills, balance, coordination, and proprioception.

Balance

A state where different elements are in the correct proportions or maintained in a steady position without falling.