Which of the following can create a "real rigidity" in price setting?
A) constant marginal cost as output rises
B) fixed contracts to sell at a given price
C) existing advertisements which include prices
D) item prices for goods on store shelves
E) menu costs
Correct Answer:
Verified
Q16: The Great Moderation refers to
A) Dramatic fall
Q17: A growth recession occurs when
A) there are
Q18: A traditional definition of recession is
A) any
Q19: Comparisons of business cycles before and after
Q20: Which of the following is characteristic of
Q22: If firms are producing below capacity,
A) it
Q23: A sudden,unexpected increase in the economy's prevailing
Q24: As firms raise output in response to
Q25: The slope of the aggregate demand curve
Q26: The shape of the short run aggregate
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