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If Input Prices Adjusted Just as Quickly as Output Prices

question 170

True/False

If input prices adjusted just as quickly as output prices, the profit effect leading to an increase in RGDP supplied would disappear.


Definitions:

Netiquette

Etiquette used on the Internet.

All Capital Letters

The use of uppercase letters for an entire word or phrase, often to grab attention or denote emphasis.

E-Mail

Allows information to be sent electronically through a system that delivers the message immediately to any number of recipients.

Markup

The dollar amount added to the product cost to determine its selling price.

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