Question
Why are nominal wages sticky (adjust slowly) in the short run? Question 27 options: wage contracts are made in nominal terms monetary policy takes time
Why are nominal wages sticky (adjust slowly) in the short run?
Question 27 options:
wage contracts are made in nominal terms
monetary policy takes time to affect nominal GDP
the CPI adjusts quickly
because interest rates adjust slowly
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
2nd edition
1464187029, 978-1464189104, 1464189102, 978-0716759751, 716759756, 978-1464187025
