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AP Macroeconomics
Unit 3 – National Income and Price Determination
Topic 3.3
Which of the following is true regarding the concept of sticky wages in the context of the Short-Run Aggregate Supply (SRAS) curve?
Sticky wages cause the SRAS curve to be vertical in the short run
Sticky wages cause the SRAS curve to be horizontal in the short run
Sticky wages result in a delayed adjustment of wages to changes in the price level
Sticky wages lead to a direct relationship between prices and output in the short run
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AP Macroeconomics - 3.3 Short-Run Aggregate Supply (SRAS)
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Short-Run Aggregate Supply (SRAS) Curve
Sticky wages
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