The Sticky-Wage Theory of the Short-Run Aggregate Supply Curve Says

question 23

Multiple Choice

The sticky-wage theory of the short-run aggregate supply curve says that when the price level is lower than expected,

• A)production is more profitable and employment rises.
• B)production is more profitable and employment falls.
• C)production is less profitable and employment rises.
• D)production is less profitable and employment falls.

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Definitions:

Needles

Thin, sharp objects typically made of metal, used for sewing or as part of medical instruments to inject or draw fluids.

Needles

Thin, pointed metal implements used for sewing or medical purposes, such as stitching fabric or administering injections.

Dip

A thick sauce in which pieces of food are dunked before eating.

Dyes

Substances used to impart color to materials, such as fabric, hair, or food, often through a chemical or physical process.