Sticky Prices Refers To

question 138

Multiple Choice

Sticky prices refers to:

• A)the prices of some inputs taking longer to adjust to the price level than the output it creates.
• B)the prices of some output taking longer to adjust to the price level than the inputs used to create it.
• C)the price of more durable goods "sticking," and not adjusting to the price level.
• D)the price of consumer goods not adjusting to the price level.

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Definitions:

John Watson

John Watson was an American psychologist who established the psychological school of behaviorism.

Ivan Pavlov

A Russian physiologist best known for his discovery of classical conditioning during his study of digestive processes.

Psychology

The scientific study of the mind and behavior, encompassing various aspects of conscious and unconscious experience as well as thought processes.

Applied Problems

Practical issues or problems that require solutions, often addressed through the application of scientific knowledge and techniques.