If Prices Are "Sticky" in the Short Run, Then

question 57

Multiple Choice

If prices are "sticky" in the short run, then:

• A) The economy will respond to demand shocks primarily through changes in output and employment
• B) The economy will respond to demand shocks primarily through changes in prices and inflation
• C) Prices will adjust to equalize the quantities demanded and supplied of goods and services
• D) Unemployment will not change in response to a demand shock

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Definitions:

Protect Slaves

Historically, refers to laws or actions taken to safeguard the well-being of enslaved individuals, though often these measures were limited and designed to preserve the institution of slavery rather than to benefit the slaves themselves.

Interracial Marriages

Unions between partners from different racial backgrounds.

Color Line

A term highlighting the racial division or segregation in society, particularly the discrimination against people of color.

Interracial Contact

Interactions and relationships between people of different racial backgrounds, which can influence perspectives, reduce prejudices, and foster multicultural understanding.