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.
Long-term studies of the Glanville fritillary butterfly, Melitaea cinxia, have provided exceptional
Testing the effects of long-term fertilizing on inter-actions between mycorrhizal fungi and plants o
Share of Human Capital in Wages in Developing Countries
Share of Human Capital in Wages in Advanced Countries
Specialized Workers: Honeypot Ant
Experiments showing that long- or short-day plants flower in response to night length. Each horizont