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Answer to Question #62857 in Macroeconomics for Gian
Question #62857
Wage stickiness ... (several answers possible)
(a) gives rise to a positively sloped short run AS curve. (b) is caused by long term working contracts.
(c) exists only for real wages.
(d) is an example of the so called ‘nominal stickiness’.
(a) gives rise to a positively sloped short run AS curve. (b) is caused by long term working contracts.
(c) exists only for real wages.
(d) is an example of the so called ‘nominal stickiness’.
Expert's answer
а) gives rise to a positively sloped short run AS curve
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