One reason why an economy may not smoothly adjust to a macroeconomic shock is that
A) prices are flexible in the long run.
B) prices are sticky in the short run.
C) wages are sticky in the long run.
D) prices and wages are sticky in the long run.
Correct Answer:
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Q1: The costs incurred by a firm due
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Q3: Which of the following statements is false?
A)
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A)
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