Samuelson and Solow argued that when unemployment is high,there is
A)upward pressure on wages and prices.
B)upward pressure on wages and downward pressure on prices.
C)upward pressure on prices and downward pressure on wages.
D)downward pressure on wages and prices.

Question

Quizplus · Accepted Answer

Samuelson and Solow suggested that high unemployment leads to downward pressure on wages and prices due to reduced demand for labor and goods.

Samuelson and Solow Argued That When Unemployment Is High,there Is