If Prices Are Sticky, Output in an Economy Will Be

question 174

True/False

If prices are sticky, output in an economy will be mostly determined by the level of demand.

---

Definitions:

Dimensional Approach

A method of categorizing characteristics on a continuum rather than as binary states, often used to analyze personality or mental health disorders.

Emotional Experience

The complex psychological state involving an individual's subjective experience, physiological response, and behavioral expression in response to an emotion-evoking stimulus.

Pleasantness

A quality of being agreeable or enjoyable to the senses or the mind.

Activation

Refers to the process in which neurons in the brain are stimulated to fire by information or experiences.