When inflation pushes up prices in the economy,input prices are ________ and revenues ________ in the short run.
A) flexible; remain unchanged
B) sticky; increase
C) sticky; remain unchanged
D) flexible; decrease
E) flexible; increase
Correct Answer:
Verified
Q67: The relationship between sticky input prices and
Q68: If the price level falls but workers
Q69: When an economy experiences economic growth,the
A) long-run
Q70: A supply shock is defined as
A) a
Q71: If the price level rises by 10
Q73: Increases in productivity will
A) cause the price
Q74: An economy has experienced a rightward shift
Q75: Shifts in the short-run aggregate supply curve
Q76: Menu costs help to explain
A) the negative
Q77: New computer technologies can be expected to
A)
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