One reason the short-run aggregate-supply curveslopes upward is that a higher price levela. raises nominal wages if real wages are sticky.b. reduces nominal wages if real wages are sticky.c. raises real wages if nominal wages are sticky.d. reduces real wages if nominal wages are sticky

One reason the short-run aggregate-supply curveslopes upward is that a higher price levela. raises nominal wages if real wages are sticky.b. reduces nominal wages if real wages are sticky.c. raises real wages if nominal wages are sticky.d. reduces real wages if nominal wages are sticky

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter24: The Aggregate Demand/aggregate Supply Model

Section: Chapter Questions

Problem 3SCQ: The short run aggregate supply curve was constructed assuming that as the price of outputs...

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Question

One reason the short-run aggregate-supply curve
slopes upward is that a higher price level
a. raises nominal wages if real wages are sticky.
b. reduces nominal wages if real wages are sticky.
c. raises real wages if nominal wages are sticky.
d. reduces real wages if nominal wages are sticky

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