Which of the Following Statements Is True

question 189

Multiple Choice

Which of the following statements is true?

• A) Short-run economic fluctuations are made worse because prices are flexible.
• B) Short-run economic fluctuations would be less severe if prices were inflexible.
• C) If prices were fully inflexible, there would be no short-run economic fluctuations.
• D) If prices were fully flexible, there would be no short-run economic fluctuations.

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"Real World" Experience

Experiences or knowledge gained through direct, practical involvement in everyday life or work.

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