Workers often have ________ contracts and so their wages are ________.
A) short-term; sticky B) short-term; flexible
C) long-term; flexible D) long-term; sticky
Question 2
Suppose that the economy is in long-run equilibrium and the government decided to engage in unexpected contractionary policy by decreasing the money supply.
If we assume rational expectations, which of the following statements is correct about the effect of contractionary policy in the long run?
A) The unemployment rate will decrease, real GDP will decrease and the price level will decrease.
B) The unemployment rate will increase, real GDP will increase and the price level will increase.
C) The unemployment rate will remain unchanged, real GDP will remain unchanged and the price level will decrease.
D) The unemployment rate will remain unchanged, real GDP will remain unchanged and the price level will increase.
Bipolar disease. The term bipolar means “pertaining to two poles.” The individual with this form of
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Human activity has released carbon from sequestration in long-term reservoirs
Sticky foods such as dried fruits can adhere to teeth and promote decay
No payments were made on a $2,598 loan during its three-year term. What was the annually ...
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