Macroeconomics

6 People had been expecting the price level to be 140 but it turns out to be 138 Johnson Family Restaurants

Question

6. People had been expecting the price level to be 140 but it turns out to be 138. Johnson Family Restaurants

increases the number of workers it employs. What could explain this?

a. both sticky price theory and sticky wage theory b. sticky price theory but not sticky wage theory

c. sticky wage theory but not sticky price theory

d. neither sticky wage theory nor sticky price theory

Macroeconomics

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