Prices that do not always adjust rapidly to maintain equality between quantity supplied and quantity demanded are known as:
A) sticky prices.
B) regulatory prices.
C) fixed prices.
D) market prices.
Correct Answer:
Verified
Q116: In the long run, output is determined
Q117: Recall Application 3, "How the U.S. Economy
Q118: The short run aggregate supply curve assumes
Q119: Q120: Recall Application 3, "How the U.S. Economy Q122: If the economy is in equilibrium at Q123: In the short run, an increase in Q124: Recall Application 2, "Two Approaches to Determining Q125: Q126: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
