Prices and wages are considered "sticky" if
A) their rates of increase and decrease are identical.
B) as prices increase, wages increase by the same percentage.
C) their rates of change are directly connected to the rate of change in unemployment.
D) they do not fully adjust to changes in demand and supply.
Correct Answer:
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Q5: From the Keynesian perspective,an increase in cyclical
Q6: One reason why an economy may not
Q7: One reason why,in reality,prices are sticky in
Q8: Economists have found that firms are
A) less
Q9: From the classical perspective,an increase in unemployment
Q11: If the demand for the Ford Mustang
Q12: An unexpected exogenous event that has a
Q13: Classical economics refers to the perspective that
Q14: Most economists see the business cycle
A) as
Q15: Research shows that prices tend to remain
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