Answer to Question #62857 in Macroeconomics for Gian
(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’.
Need a fast expert's response?Submit order
and get a quick answer at the best price
for any assignment or question with DETAILED EXPLANATIONS!