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
The term wasp is typically defined as any insect of the order Hymenoptera and suborder Apocrita that
Red-bellied short-necked turtle
Varieties of Long-Term Memory
In 1979 Islamic militants held American embassy workers hostage in Tehran.
Part of a Semantic Network in Long-Term Memory