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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