Ask Question
3 July, 00:34

If output is above its natural rate, then according to sticky-wage theory

a. workers and firms will strike bargains for higher wages. This increase in wages shifts the short-run aggregate supply curve right.

b. workers and firms will strike bargains for higher wages. This increase in wages shifts the short-run aggregate supply curve left.

c. workers and firms will strike bargains for lower wages. This decrease in wages shifts the short-run aggregate supply curve right.

d. workers and firms will strike bargains for lower wages. This decrease in wages shifts the short-run aggregate supply cur

+3
Answers (1)
  1. 3 July, 01:05
    0
    D

    Explanation:

    workers and firms will strike bargains for lower wages. This decrease in wages shifts the short-run aggregate supply cur
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If output is above its natural rate, then according to sticky-wage theory a. workers and firms will strike bargains for higher wages. This ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers