"Sticky prices" refer to the fact that:
A) some inputs take longer to adjust to the price level than the output created.
B) some outputs take longer to adjust to the price level than the inputs used.
C) the prices of final goods sometimes "stick," rather than adjusting to the price level.
D) government intervention in the economy can keep the price level down.
Correct Answer:
Verified
Q84: In macroeconomics, the long run refers to:
A)
Q85: When are firms willing to change the
Q86: The long-run aggregate supply curve represents:
A) potential
Q87: Sticky wages cause the short-run aggregate supply
Q88: In macroeconomics, the long run refers to:
A)
Q90: When the long-run aggregate supply curve shifts
Q91: In the long run, aggregate supply:
A) is
Q92: The long-run aggregate supply curve represents the
Q93: Sticky wages occur because:
A) the government intervenes
Q94: When the economy produces less than its
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