Sticky wages:
A. slow the process of reducing inflation.
B. speed the process of reducing inflation.
C. speed the recovery process after a recession.
D. slow the recovery process after a recession.
Ans: D. slow the recovery process after a recession.
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There are five hundred buyers in the market for cheese. If we know each individual's demand curves, to find the market demand, we must
A) multiply the price times quantity for each buyer and then add the resulting products together. B) add the quantities that each buyer will purchase at every price. C) add the prices that each buyer will pay at every quantity. D) average the price each buyer is willing to pay for each given quantity. E) give up because there is no way to find the market demand.
A signal is
a. a proxy measure of job conditions b. a proxy measure of a job applicant's skills c. used by employers to indicate that a job interview is over d. an indication of an excess supply of labor e. an indication of an excess supply of qualified labor