考虑黏性工资模型中的下列变动。
a.假设劳动合约规定名义工资完全根据通货膨胀指数化。这就是说,名义工资要调整到能完全补偿消费物价指数的变动。完全指数化如何改变这个模型中的总供给曲线?
b.现在假定指数化只是部分的。就是说,CPI每提高一次,名义工资就增加,但增加的百分比较小。部分指数化如何改变这个模型中的总供给曲线?
Consider the following changes in the sticky-wage model.
a.Suppose that labor contracts specify that the nominal wage be fully indexed for inflation. That is, the nominal wage is to be adjusted to fully compensate for changes in the consumer price index. How does full indexation alter the aggregate supply curve in this model?
b.Suppose now that indexation is only partial.
That is, for every increase in the CPI, the nominal wage rises, but by a smaller percentage. How does partial indexation alter the aggregate supply curve in this model?