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Classical economists believe that the absence of sticky wages results in a vertical aggregate supply curve.

suiren

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Classical economists believe that the absence of sticky wages results in a vertical aggregate supply curve.

Question 1.

At equilibrium in the labor market, prices and wages reflect a trade-off between the value households place on outputs and the value of time spent in leisure and nonmarket activities.

▸ true

▸ false

Question 2.

Classical economists believe that the absence of sticky wages results in a vertical aggregate supply curve.

▸ true

▸ false

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

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Jlynn

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More solutions for this book are available here

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suiren Author

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Thanks for your help!!

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