The stickier are wages and prices
A) the more vertical will be the Phillips curve.
B) the more vertical will be the LM curve.
C) the more horizontal will be the IS curve.
D) the more horizontal will be the Phillips curve.
Correct Answer:
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Q15: The slope of the Phillips curve depends
Q16: The parameter Q17: The smaller the parameter Q18: When inflation is higher than expected and Q19: When inflation is lower than expected and Q21: The less sticky are wages and prices Q22: If wages and prices are completely flexible Q23: If wages and prices are completely fixed Q24: An increase in the natural rate of Q25: A decrease in the natural rate of
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