If Wages Are Sticky,then a Greater Than Expected Increase in the Price

question 21

Multiple Choice

If wages are sticky,then a greater than expected increase in the price level

• A)raises the real costs of production,so the short-run aggregate supply curve shifts left.
• B)raises the real costs of production,so the aggregate quantity of goods and services declines.
• C)reduces the real costs of production,so the short-run aggregate supply curve shifts right.
• D)reduces the real costs of production,so the aggregate quantity of goods and services rises.

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Definitions:

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Software that manages computer hardware and software resources, providing common services for computer programs.

Initial Integration

The process of incorporating new elements into a whole, particularly at the beginning stages of this integration.

Forming Stage

The initial phase of team development where members meet and start to form impressions about each other and establish group norms.

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