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4 December, 13:51

The economy's long-run AS curve assumes that wages and other resource prices:

a. eventually, rise and fall to match upward or downward changes in the price level.

b. are flexible upward but inflexible downward.

c. rise and fall more rapidly than the price level.

d. are relatively inflexible both upward and downward.

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Answers (1)
  1. 4 December, 17:00
    0
    C. Is the right answer but dubble check
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Home » Social Studies » The economy's long-run AS curve assumes that wages and other resource prices: a. eventually, rise and fall to match upward or downward changes in the price level. b. are flexible upward but inflexible downward. c.
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