Which of the Following Is Consistent with the Sticky-Wage Explanation

question 19

Multiple Choice

Which of the following is consistent with the sticky-wage explanation of the upward-sloping SRAS curve?

• A) The price level rises,the real wage falls,and the quantity demanded of labor declines.
• B) The price level falls,the real wage rises,and the quantity demanded of labor falls.
• C) The price level rises,the real wage rises,and the quantity demanded of labor falls.
• D) The nominal wage rises,the real wage rises,and the quantity demanded and supplied of labor rise.
• E) a and b

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Definitions:

Assignee

In a contract, the party who receives the rights of another party (an assignor) to collect what was contractually agreed on in the original contract.

Assignor

In a contract, the party who transfers his or her rights to a contract to a third party (an assignee), giving the assignee the right to collect what was contractually agreed on in the original contract.

Needed Repairs

Needed repairs refer to maintenance or fixings that are necessary to restore or improve the condition of an item, property, or infrastructure to a satisfactory level.

Lease Termination

The act of ending a lease agreement before its specified closing date, by either the landlord or tenant, under terms specified in the agreement.