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The sticky-wage theory of the short-run aggregate supply curve says that when the price level rises more than expected, production is Select one: a. less profitable and employment and output rises. b. less profitable and employment and output falls. c. more profitable and employment and output falls. d. more profitable and employment and output rises.

Respuesta :

Answer:

d. more profitable and employment and output rises.

Explanation:

  • The sticky wage model suggests that an upwards sloping short-run curve is based on the aggregate labor market and is being set by contracts they hire more.
  • As increase the labor output and are more profitable due to the increase in the outputs and prices raises the outputs levels and so does the profits.
  • And the us increase in the performance of the company.

Option d is correct.

d. more profitable and employment and output rises.

The following information should be considered:

  • The sticky wage mode recommended that an upwards sloping of short-run curve should be depend upon the aggregate labor market.
  • If there is an increase in the labor output and have more profitable because of the rise in the output so the price could raise the level of the output along with the profit.
  • This will lead in increase in the company performance.

Learn more: brainly.com/question/17429689

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