In Macroeconomic Models, Prices Are Assumed to Be Completely Inflexible

question 100

Multiple Choice

In macroeconomic models, prices are assumed to be completely inflexible in:

• A) The very short run only
• B) The short run and remains so over time
• C) The very long run
• D) Situations when the changes in demand look to be permanent

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Definitions:

Methamphetamine

A powerful, highly addictive stimulant that affects the central nervous system, commonly known as meth, blue, ice, and crystal, among other names.

CNS Stimulant

A class of drugs that increases the activity of the central nervous system, enhancing mental alertness, attention, and energy.

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, which processes information and controls responses.

Midline

An imaginary line or anatomical axis that divides an organism's body into symmetrical or equal left and right halves.