Business, 31.03.2020 00:00, VamL6008

Economists have remained skeptical of the argument that the short-run Phillips curve is vertical for all of the following reasons except: A. workers and firms may not have rational expectations. B. workers and firms may have long term contracts. C. workers and firms may not be able to accurately use information from the Fed. D. workers and firms may adjust prices and wages quickly.

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Economists have remained skeptical of the argument that the short-run Phillips curve is vertical for...