In general, it is easier to:
A) adjust final prices rather than input prices.
B) adjust input prices rather than final prices.
C) change wage rates for employees than other input prices.
D) change input prices than output level.
Correct Answer:
Verified
Q93: In the short run, the aggregate supply
Q94: When the prices of final goods and
Q95: One major difference between the aggregate supply
Q96: One reason that explains why the short-run
Q97: The aggregate supply curve shows the relationship
Q99: An aggregate supply curve that slopes upward
Q100: The phrase "sticky prices" refers to the
Q101: In the long run, if the prices
Q102: Fluctuations around the long-run aggregate supply curve
Q103: When the economy is creating less output
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