Question: Question content area Part 1 Indicate the two main objections to the idea that the short - run Phillips curve is vertical. Part 2 A

Question content area
Part 1
Indicate the two main objections to the idea that the short-run Phillips curve is vertical.
Part 2
A.
Wages tend to adjust quickly.
B.
Any wage rising more quickly than the rate of inflation is actually falling.
C.
Contracts with workers keep wages sticky.
D.
Workers and firms might not have rational expectations.

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