Prices Are Particularly Sticky

question 59

Multiple Choice

Prices are particularly sticky:

• A) when there are widespread macroeconomic and monetary disturbances in the economy.
• B) in the long run.
• C) when markets are highly competitive.
• D) when the economy is at full employment and positive demand shocks are occurring.

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Definitions:

Positivist Perspective

A viewpoint in sociology that relies on positive facts and empirical evidence to understand and interpret social behaviors.

Deviance

Deviance refers to behaviors or actions that violate social norms or values in a given society.

Determined Behavior

Behavior that is seen as controlled or dictated by internal or external factors, leaving little to no choice for the individual.

Observable Object

An object or phenomenon that can be perceived or noticed through the senses or scientific instruments.