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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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