One Reason Why,in Reality,prices Are Sticky in the Short Run

question 24

Multiple Choice

One reason why,in reality,prices are sticky in the short run is because

• A) there are often costs to firms from changing prices.
• B) purely competitive firms have no control over the price of their product and therefore cannot change the price, even if the market warrants a price change.
• C) in the short run, the cost to changing prices always outweighs any benefit.
• D) firms do not have time to react to macroeconomic shocks in the short run.

Recognize the importance of language acquisition phases and the debate on critical periods for learning.

Learn about conditions affecting language comprehension and speech production.

Conceptualize how priming and the spread of activation influence thought processes.

Understand the concept of context effects and how they influence perception and cognition.

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Definitions:

Significant Behavior Patterns

Regularly occurring actions or reactions that have importance in predicting or understanding an individual's behavior.

Obsessions

Persistent, unwanted thoughts, images, or impulses that cause significant distress or anxiety.

Delusions

Strongly held false beliefs or judgments, which are resistant to reason or confrontation with actual fact, often occurring as a symptom of psychiatric disorders.

Hallucinations

Perceptions in a conscious and awake state in the absence of external stimuli which have qualities of real perception.