Relative-Price Variability Is "Automatic" When

question 78

Multiple Choice

Relative-price variability is "automatic" when

• A)firms change prices only once in a while.
• B)firms change prices often.
• C)people increase the frequency of their trips to the bank.
• D)people decrease the frequency of their trips to the bank.

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Definitions:

Korsakoff's Syndrome

A chronic memory disorder typically caused by severe deficiency of thiamine (vitamin B1), often associated with chronic alcoholism.

Memory Problems

Issues or impairments in the ability to recall or retain information, impacting daily functioning and activities.

Korsakoff's Syndrome

A chronic memory disorder often associated with alcoholism, characterized by short-term memory loss, making up stories (confabulation), and repetition.

Chronic Alcoholics

Individuals who persistently engage in excessive alcohol consumption, leading to significant physical and mental health issues.