Business, 06.06.2020 21:58 emilyarvin
The often made statement that inflation "greases the wheels of the labor market" means simply that A. high and unanticipated inflation allows for real wage adjustments when nominal wages are sticky, thereby permitting labor market adjustments that improve the market's efficiency. B. low inflation allows for nominal wage adjustments when real wages are sticky, thereby permitting labor market adjustments that improve the market's efficiency. C. the efficiency with which the labor market operates is greater the higher is the rate of inflation. D. low inflation allows for real wage adjustments when nominal wages are sticky, thereby permitting labor market adjustments that improve the market's efficiency.
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The often made statement that inflation "greases the wheels of the labor market" means simply that A...
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