The wage setting relation is
A) downward sloping.
B) upward sloping.
C) vertical.
D) horizontal.
A
Economics
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A recessionary real shock is associated with an outward shift of the short-run Phillips curve and with a leftward shift of the short-run aggregate supply curve
a. True b. False Indicate whether the statement is true or false
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The process of research and development
a. always leads to useful products. b. almost never leads to useful products. c. often involves a waste of resources. d. is usually conducted in governmental laboratories.
Economics