When We Say "Prices of Many Goods and Services Are

question 22

Multiple Choice

When we say "Prices of many goods and services are inflexible in the short-run" it means:

• A)prices change too quickly in the short-run.
• B)prices do not change in the long-run.
• C)prices change too slowly in the short- run.
• D)prices are not sticky in the short-run.

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Definitions:

Competency

A combination of skills, knowledge, and behavior that contributes to an individual's ability to perform tasks effectively.

Headcount

The total number of individuals employed by an organization, including all full-time and part-time staff.

Head Office

The primary office or headquarters where the key administrative activities of an organization are conducted.

Outsourcing

Outsourcing involves contracting out certain business processes or functions to external providers, typically to reduce costs or focus on core competencies.