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 Potentiation and Long-Term Depression
Chinese workers on a railway in the far West. “Without them,” Leland Stanford, president of the Cent
Human activity has released carbon from sequestration in long-term reservoirs
Long-term relationships, especially those who are married, having a child
Experiments showing that long- or short-day plants flower in response to night length. Each horizont