A. measures wind direction
The right answer for the question that is being asked and shown above is that: "TRUE." <span> If you are under the age of 18, your license can be suspended for six months to one year for the first offense. The statement is true as far as the offense is concerned.</span>
<span>Thanks to the Spanish and Portuguese, colonialism as we know it started in the 15th century. One of the most well-known events that took place during the early stages of colonialism, insofar as its affect on the world at large, is the independence of the United States of America from England; its independence has changed the global landscape drastically.</span>
It was Henry Richard that proposed 'Lee's Resolution' on June 1, 1776, declaring that we were independent of Great Britain.
Answer:
C. wages and prices are often inflexible in the downward direction; wages and prices do not fall in the labor and product markets because unions dislike wage cuts and companies are a monopoly market
Explanation:
Say's Law is classical economists point of view, stating that supply creates its own equilibrium. Keynes theory was strictly against this Says Law. Keynes also stated that equilibrium & output is not always at full employment level, it might be below it. Implicatively, the economy would be on or inside it's full production potential PPC.
Keynes stated that wages & prices are sticky. They don't adjust to fluctuating economic activity too quickly. The wage & price stickiness, rigidity is more in downwards direction, they don't fall immediately in response to recession. The reason behind the variables stickiness is that, businesses don't know whether economic slowdown is temporary or permanent. Wages are sticky because of labour unions, employment contracts & prices are sticky because of menu costs, for fulfilling high wages expenditure.
