When there is only one buyer in a market, there is a

Because efficiency wage theory deals with the consequences of a change in a firm's ________ wage, if all wages were indexed to nominal aggregate demand the theory would be ________

A) absolute, even more appropriate B) absolute, rendered inappropriate C) relative, even more appropriate D) relative, rendered inappropriate

If the Federal Reserve decreases the rate at which it increases the money supply, then unemployment is higher in

a. the long run and the short run. b. the long run but not the short run. c. the short run but not the long run. d. neither the short run nor the long run.