When Inflation Pushes Up Prices in the Economy,input Prices Are

question 119

Multiple Choice

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

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Definitions:

Good Time Management

The effective planning and controlling of one's time to efficiently accomplish tasks and objectives, optimizing productivity.

Screening Telephone Calls

The process of evaluating incoming calls strategically to manage time effectively, often to filter out unwanted or less important calls.

Priorities

Items or activities that are regarded as more important than others and therefore necessitate attention or action first.

Participatory Planning

Includes the people who will be affected by plans and/or whose help is needed to implement them.