Which of the following statements is true?
A) Short-run economic ﬂuctuations are made worse because prices are ﬂexible.
B) Short-run economic ﬂuctuations would be less severe if prices were inﬂexible.
C) If prices were fully inﬂexible, there would be no short-run economic ﬂuctuations.
D) If prices were fully ﬂexible, there would be no short-run economic ﬂuctuations.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is true?
A) Short-run economic ﬂuctuations are made worse because prices are ﬂexible.
B) Short-run economic ﬂuctuations would be less severe if prices were inﬂexible.
C) If prices were fully inﬂexible, there would be no short-run economic ﬂuctuations.
D) If prices were fully ﬂexible, there would be no short-run economic ﬂuctuations.

Which of the Following Statements Is True