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.
The Banking Ombudsman Scheme is introduced under which of the following sections in Banking Regulation Act, 1949?
Which of the following statements is not true regarding CIBIL?
What is the dual problem for given linear programming problem?
Z = Max (4x1 + 5x2 + 7x3)
s.t. 3x1 + x2 + 6x3Â <= 3
x1 + 2x2 + x...
The correlation coefficient is the________________of two regression coefficients:
...As per the Economic survey 2023-24, what has been identified as a major challenge for India's business services sector in the future?
Which of the following statement is correct?
1. If autoregressive parameter (p) in an ARIMA model is 1, it means that there ...
Suppose there is a pond with fishes and “n” number of fishermen living around it. Let a i is time spent fishing per day by player i. Thus to...
Since the 1980s, Wal-Mart stores have appeared in almost every community in America. Wal-Mart buys its goods in large quantities and, therefore, at chea...
Based on the sticky-price model, the short-run aggregate supply curve will be steeper, the greater
the_____
Calculate Disposable income:
Consumption (C) = 300
Investment (I) = 50
Government purchases (G) = 70
Government transfer pay...
