If Prices Are "Sticky" in the Short Run, Then

question 148

Multiple Choice

If prices are "sticky" in the short run, then

• A)the economy will respond to demand shocks primarily through changes in output and employment.
• B)the economy will respond to demand shocks primarily through changes in prices and inflation.
• C)prices will adjust to equalize the quantities demanded and supplied of goods and services.
• D)unemployment will not change in response to a demand shock.

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