Everything else held constant, a change in workers' expectations about inflation will cause ________ to change
A) aggregate demand
B) short-run aggregate supply
C) the production function
D) long-run aggregate supply
B
Economics
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Appropriation
What will be an ideal response?
Economics
In the short run
a. wages are slow to adjust to changes in supply and demand b. most producers will reduce their production levels when inflation rises c. business sales revenues rise slower than costs, when inflation occurs d. all
Economics