Question
Which of the following best describes the short-run
Aggregate Supply (AS) curve in the presence of sticky wages?Solution
In the presence of sticky wages, the short-run Aggregate Supply (AS) curve is upward sloping because as prices increase, firms can hire more workers at the existing wage rate, leading to an increase in output. In the case where both wages and prices are sticky then AS is horizontal and when both are flexible AS is vertical.
What is the place of question mark (?) in the given expression does the expression L < I and W > L is definitely true?
W = P ≥ M ? L ; P ≤ I
In the question, assume the given statements to be true. Find which of the following conclusion(s) among the three conclusions is/ are definitely true ...
In the question, assuming the given statements to be true, find which of the conclusion (s) among given two conclusions is /are definitely true and the...
- Statements: N ≤ O < P; N ≥ Q < R; Q > S ≥ T
Conclusions:
I. Q ≤ O
II. R ≥ T
III. Q > P Statement: D < M < P = V = E ≥ T > Z
Conclusion: I. P > Z II. D > E
Statements:
A > B ≥ D > C ≤ V < L; C > Z > Q
Conclusions:
I)Â B > Q
II) L < Z
...Statements: U = V ≤ W > Q ≥ N; B < Q; E = W
Conclusion: I. E > Q II. W > B
...Statements: J < K < M = L, D = E > F, F ≥ G < H = I > J
Conclusions:
I. D > K
II. I < L
III. E > J
In the question, assuming the given statements to be true, find which of the conclusion (s) among given two conclusions is /are definitely true and the...
Statements: M ≤ N; O < R; O = N; S ≥ Q; N > S
Conclusions:
(i) Q < M
(ii) N ≥ Q
(iii) M > R
