Recall Application 1, "Measuring Price Stickiness in Consumer Markets," to Answer

question 99

Multiple Choice

Recall Application 1, "Measuring Price Stickiness in Consumer Markets," to answer the following questions:
-According to the application, Bils and Klenow found that between 1995- 1997, prices in more than half of the 350 goods that they were studying showed frequent price changes. This finding was contrary to Kashyap's finding because:

• A) custom auction prices.
• B) the economy during that time was in a recession.
• C) unemployment rates during that time were rising.
• D) the inflation during that period was low.

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Definitions:

Stinging Hair Cells

Specialized cells found in certain plants and animals used for defense or predation that deliver a sting or irritation when touched.

Portuguese Man-of-War

A marine cnidarian species known for its painful sting, characterized by its floating, gas-filled bladder and long tentacles.

Hydrozoans

Members of a class of predominantly marine animals in the phylum Cnidaria, which includes the Portuguese man-of-war, certain jellyfish, and hydra.

Ctenophores

A phylum of marine animals known as comb jellies, characterized by their gelatinous bodies and rows of ciliary plates for movement.