If output is above its natural rate, then according to sticky-wage theory
a. workers and firms will strike bargains for higher wages. This increase in wages shifts the short-run aggregate supply curve right.
b. workers and firms will strike bargains for higher wages. This increase in wages shifts the short-run aggregate supply curve left.
c. workers and firms will strike bargains for lower wages. This decrease in wages shifts the short-run aggregate supply curve right.
d. workers and firms will strike bargains for lower wages. This decrease in wages shifts the short-run aggregate supply curve left.
b
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If the price level in the United States increases, domestic goods will become relatively more expensive than foreign goods. Consumers will import more and reduce the quantity of domestic goods and services they buy
a. True b. False Indicate whether the statement is true or false
Litigation costs include all of the following expect which one?
A) bad publicity B) filing fees C) marketing fees D) legal fees