If there are sticky wages, and the price level goes up the next period, then Select one: a.   wage are relatively cheaper next round and thus firms decrease production.   b.   wage are relatively more expensive next round and thus firms increase production.   c.   wage are relatively less expensive next round and thus firms decrease production

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If there are sticky wages, and the price level goes up the next period, then

Select one:
a.

 

wage are relatively cheaper next round and thus firms decrease production.


 

b.

 

wage are relatively more expensive next round and thus firms increase production.


 

c.

 

wage are relatively less expensive next round and thus firms decrease production.

 

d.

wage are relatively cheaper next round and thus firms increase production.

 
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