Examlex
Which of the following is a macroeconomics question?
Sticky Prices
Refers to the resistance of prices to change, despite shifts in the broader economy or a product's supply and demand.
Price Level
An index or average that reflects the overall price of goods and services in an economy at a given time, often used to measure inflation or deflation.
Long-Run Aggregate Supply
The Long-Run Aggregate Supply represents the total production of goods and services in an economy at full employment, unaffected by short-term fluctuations.
Recessionary Gap
Occurs when the actual output of an economy is less than the potential output, indicating underutilized resources.
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