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erastovalidia [21]
3 years ago
10

According to the sticky-wage theory of aggregate supply, nominal wages at the initial equilibrium are ____________ nominal wages

at the short-run equilibrium resulting from the increase in the money supply, and ______________ nominal wages at the long-run equilibrium.
Business
1 answer:
lakkis [162]3 years ago
7 0

Answer: According to the sticky-wage theory of aggregate supply, nominal wages at the initial equilibrium are <u>EQUAL TO</u> nominal wages at the short-run equilibrium resulting from the increase in the money supply, and <u>LESS THAN</u> nominal wages at the long-run equilibrium.

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<span>a. True

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