Short-Run Adjustments to Changes in the Economic Conditions Affecting the

question 31

Multiple Choice

Short-run adjustments to changes in the economic conditions affecting the
U.S. economy are

• A) usually reflected by changes in prices because output and employment decisions are difficult to alter.
• B) usually reflected by changes in output and employment because changes in prices appear to be too gradual to handle month-to-month fluctuation.
• C) usually reflected by changes in output decisions, because the prices of the major sectors of the U.S. economy are controlled by government policy.
• D) usually reflected by changes in pricing policy because of a need to keep abreast of foreign competition.
• E) seen either in price changes or in employment changes depending on the specific circumstance.

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