The slope of the AS -curve becomes steeper: A) as the economy approaches full employment B)as nominal wages become more flexible C) As nominal wages become more flexible AND as the actual level of output moves further away from potential output D) as the actual level of output moves further away from potential output E)as nominal wages become more rigid
The slope of the AS -curve becomes steeper: A) as the economy approaches full employment B)as nominal wages become more flexible C) As nominal wages become more flexible AND as the actual level of output moves further away from potential output D) as the actual level of output moves further away from potential output E)as nominal wages become more rigid
Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter10: Dynamic Change, Economic Fluctuations, And The Ad-as Model
Section: Chapter Questions
Problem 8CQ
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