Which of the Following Explains Why Resource Prices Are Often

question 69

Multiple Choice

Which of the following explains why resource prices are often the slowest prices to adjust?

• A) Resource prices are not affected by inflation.
• B) Resource prices are often set by lengthy contracts.
• C) Resource prices are often set by governments.
• D) Resource prices are not reported in the consumer price index (CPI).
• E) Resource prices are all tied to inflation.

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