If Prices Are Sticky

question 23

Multiple Choice

If prices are sticky:

• A)the market quickly sticks at equilibrium.
• B)the market clears quickly.
• C)the market only slowly moves toward equilibrium.
• D)all of the above.

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Definitions:

North Korean Attack

Refers to military aggressions initiated by North Korea against other countries.

Soviet Union

The Soviet Union, officially known as the Union of Soviet Socialist Republics (USSR), was a socialist state in Eurasia that existed from 1922 to 1991.

Third World Nations

originally used to describe countries not aligned with either the NATO bloc (First World) or the Communist bloc (Second World) during the Cold War, now often refers to developing or underdeveloped countries.

Military Bases

Facilities established and operated by a country's armed forces to support military operations, training, and housing of military personnel.