If it is less costly for business firms to adjust the labor demanded as the price level changes than it is for households to adjust Ns, then in the short-run
A) Ns has a positive slope and the demand for labor (Nd) negative slope.
B) Nd has a negative slope and the supply of labor (Ns) a positive slope.
C) AD has a negative slope.
D) SAS has a positive slope.
D
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If the government implements a tax on the general public to pay for street lighting in one neighborhood,
A) the tax redistributes well-being and the benevolent social planner is not pleased. B) the tax redistributes well-being, but the benevolent social planner is pleased. C) the tax reduces well being and the benevolent social planner is not pleased. D) the tax has no bearing on well-being and the benevolent social planner is indifferent.
What has been the approach of the European Central Bank to monetary targeting?
What will be an ideal response?