One Major Reason for Sticky Prices Could Be That fiRms

question 145

True/False

One major reason for sticky prices could be that firms selling final goods and services do not want
to annoy customers with frequently changing prices.

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Definitions:

PCs

Personal Computers; electronic devices used for processing data, performing tasks, and accessing the internet, capable of running a wide range of applications.

Trucking Industry

The sector of the economy focused on the transportation of goods and materials by large vehicles over road networks.

PNP-Type Transistor

A semiconductor device with a layer of N-doped semiconductor material between two layers of P-doped material, primarily used as a switch or amplifier in electronic circuits.

Continuity

The uninterrupted path for current flow in an electrical circuit, indicating no breaks or faults.