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In the sticky wage model of deriving an upward-sloping SRAS curve I. the nominal wages are not fixed in the short run. II. the real

In the sticky wage model of deriving an upward-sloping SRAS curve

I. the nominal wages are not fixed in the short run.

II. the real wages are fixed in the short run.

Select one:

A.

Only I is true.

B.

Only II is true

C.

Both I and II are true

D.

Neither I nor II is true.

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