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:

Bipolar Disorder

A mood disorder in which episodes of both depression and mania (excessive euphoria) occur.

Anxiety

A feeling of worry, nervousness, or unease, often about an imminent event or something with an uncertain outcome.

Cognitive Therapy

Cognitive therapy is a type of psychotherapy that focuses on changing unhelpful or destructive thought patterns to improve emotional regulation and develop personal coping strategies.

Antisocial Personality Disorder

A mental condition in which a person consistently shows no regard for right and wrong and ignores the rights and feelings of others.