If the Prices of Goods and Services Were Flexible, Then

question 156

True/False

If the prices of goods and services were flexible, then the economy could always produce at its optimal capacity.

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Definitions:

Bubble Gum

A type of chewing gum designed to be inflated out of the mouth as a bubble.

Income

Money received, especially on a regular basis, for work or through investments.

Blue Currency

Informal term possibly referring to a foreign currency held in accounts outside the country of origin, often in a stronger, more stable currency.

Ambrosia

In classical mythology, the food of the gods, believed to convey immortality; in contemporary contexts, a type of fruit salad.