Question
After a positive aggregate demand shock, if wages do not respond to changes in the unemployment rate, in the short-run... Y increases and P remains
After a positive aggregate demand shock, if wages do not respond to changes in the unemployment rate, in the short-run...
Y increases and P remains constant.
Both Y and P remains constant.
Y remains constant and P increases.
Both Y and P increase.
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Economics And The Environment A Materials Balance Approach
Authors: Allen V Kneese, Robert U Ayres, Ralph C D'Arge
1st Edition
1317402251, 9781317402251
