When Wages and Prices Are Completely Flexible ________

question 82

Multiple Choice

When wages and prices are completely flexible ________.

• A)inflation is determined by expected inflation and price shocks
• B)labor hoarding occurs
• C)unemployment is disconnected from the real economy
• D)all of the above
• E)none of the above

---

Definitions:

Packing Slip

A Packing Slip is a document included with a package that lists the contents of the shipment, used to inform both the sender and receiver about the package's contents without opening it.

Invoice

A listing of products or services rendered that is used when billing for that product or service.

Shipment

The act of sending goods or cargo from one place to another via a variety of modes of transport.

Purchase Agreement

A legal document outlining the terms and conditions under which a sale is made, including details of the buyer, seller, property, and price.