Which of the Following Statements Is False

question 11

Multiple Choice

Which of the following statements is false?

• A) Some prices in an economy adjust faster than other prices.
• B) Aggregate demand curves slope downward.
• C) Firms may not adjust their prices immediately because they may be unable to figure out whether a decline in demand is temporary or permanent.
• D) The absolute price of a good is the dollar or money price of the good.
• E) none of the above

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Definitions:

Dishonoured Note

A promissory note that has not been paid by the issuer at its maturity date.

Accounts Receivable

This refers to the money owed to a company by its customers for goods or services already delivered or performed but not yet paid for.

Unpaid Interest

Interest on a loan or debt that has accrued but has not yet been paid by the borrower.

Managing Receivables

The process of overseeing and collecting amounts owed to a company by its customers to ensure timely payments and maintain healthy cash flows.