If prices are sticky
A) economic activity will be coordinated efficiently.
B) economic activity will not be coordinated efficiently.
C) prices will quickly adjust to changes in demand.
D) quantity supplied will always equal quantity demand.
Correct Answer:
Verified
Q2: Which of the following is a problem
Q3: Real business cycle theory emphasizes the role
Q4: In modern economies
A) all prices are very
Q5: Which of the following is a problem
Q6: The mechanism that normally coordinates what goes
Q7: The economy's ability to coordinate economic activity
Q8: Which of the following types of workers
Q9: Suppose the demand for hot dogs decreases.
Q10: Prices that adjust slowly are
A) custom prices.
B)
Q11: Stickiness of wages
A) is unrelated to stickiness
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