Economists have remained skeptical of the argument that the short-run Phillips curve is vertical for all of the following reaso

Question

4 years ago

13

Economists have remained skeptical of the argument that the short-run Phillips curve is vertical for all of the following reaso

ns except: A. workers and firms may not have rational expectations. B. workers and firms may have long term contracts. C. workers and firms may not be able to accurately use information from the Fed. D. workers and firms may adjust prices and wages quickly.

Business

1 answer:

Harlamova29_29 [7] · Answer 1 · 2021-11-25T02:04:44+03:00

Harlamova29_29 [7]4 years ago

5 0

Answer: A- Workers and Firms May not have rational expectations.

Economists have remained skeptical of the argument that the​ short-run Phillips curve is vertical for all of the following reaso

Economists have remained skeptical of the argument that the short-run Phillips curve is vertical for all of the following reaso