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Author Question: Wages in Baltonia are downwardly rigid. Which of the following will happen if a recession occurs in ... (Read 86 times)

penza

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Wages in Baltonia are downwardly rigid. Which of the following will happen if a recession occurs in the country?
 
  A) Employment will fall less than if wages were flexible.
  B) Unemployment will fall less than if wages were flexible.
  C) Employment will fall more than if wages were flexible.
  D) Unemployment will fall more than if wages were flexible.

Question 2

Aggregate demand and aggregate supply must be combined to determine the price level and the real GDP.
 
  Indicate whether the statement is true or false



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tennis14576

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Answer to Question 1

C

Answer to Question 2

TRUE





 

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