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.
A full-term pregnancy. Image illustrates position of the fetus and the structures associated with pr
Term neonate.
Children with Down syndrome have a small head, short, thick neck, flattened face, and a distinctive ...
Short, Upbeat Massage Sessions can Improve Mental Alertness.
Sticky Rice
Short form of amino acids