Business, 25.12.2019 03:31 lexigarwood

The sticky-wage theory of the short-run aggregate supply curve says that when the price level rises more than expected, a. production is less profitable and employment rises. b. production is less profitable and employment falls. c. production is more profitable and employment falls. d. production is more profitable and employment rises.

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The sticky-wage theory of the short-run aggregate supply curve says that when the price level rises...