What would be the best description of what we assume about money prices in the short run?
A)Money prices of goods and services vary.
B)Money prices of goods and services not related to each other.
C)Money prices of goods are fixed.
D)Money prices of services are fixed.
E)Money prices of goods and services are only temporarily fixed.

Question

Quizplus · Accepted Answer

In the short run, we assume that money prices of goods and services are only temporarily fixed, meaning they can fluctuate due to changes in supply and demand or other market factors. However, this assumption does not mean that all money prices are variable or that they are not related to each other.

What Would Be the Best Description of What We Assume