The long-run aggregate supply curve is upward sloping (rather than vertical) in the short-run due to
A. sticky wages
B. sticky employment
C. sticky interest rates
D. sticky output
Ans: A. sticky wages
Economics
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The majority of the value of production in the world economy is produced in
A) all of the developing economies taken together. B) all of Africa and the Middle East taken together. C) China and other Asian developing economies. D) all of the advanced economies taken together. E) all of the emerging market economies taken together.
Economics
Which of the following is not a true barrier to human capital development in poor nations?
A. Inequality trap. B. Illiteracy. C. Access to health care professionals. D. Prohibitive costs to meet basic needs.
Economics