To Explain the Short-Run Fluctuations in the Real-World Economies, Economists

question 4

Multiple Choice

To explain the short-run fluctuations in the real-world economies, economists refer to:

• A)the combination of unexpected changes in demand and inflexible prices.
• B)the combination of unexpected changes in demand and flexible prices.
• C)the combination of fully expected changes in demand and inflexible prices.
• D)the combination of flexible prices and changes in the inventories.

---

Definitions:

Small Retailers

Independent or local retail businesses that operate on a smaller scale compared to large chains, focusing on a specific market segment or community.