If Wages Are Sticky,then Monetary Policy Actions

question 64

Multiple Choice

If wages are sticky,then monetary policy actions:

• A) are more effective than if wages were not sticky.
• B) have to be announced ahead of implementation to have an effect.
• C) have to be coordinated with union labor contract negotiations.
• D) have no impact on either prices or GDP.

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Definitions:

Office Supplies

Items and materials used in an office for writing, printing, filing, and general functionality, including paper, pens, and office equipment.

Fees Accrued

Accrued fees are costs that have been incurred for services but have not yet been paid by the end of an accounting period.

Supplies Account

This is an account used in accounting to track the costs of supplies used in the operation of a business during an accounting period.

Wages Accrued

A liability representing wages earned by employees that have not yet been paid by the employer.