Alan Blinder's Survey of Firms Found That the Theory of Price

question 123

Multiple Choice

Alan Blinder's survey of firms found that the theory of price stickiness accepted by the most firms was:

• A) menu costs.
• B) coordination failure.
• C) nominal contracts.
• D) procyclical elasticity.

---

Definitions:

Temperature

A measure of the body's heat or the environmental heat, usually expressed in degrees Celsius or Fahrenheit.

Dry Mucous Membranes

A condition where the mucosal linings in the body, such as those in the nose and mouth, lack proper moisture and become dry.

Leg Cramps

Sudden, involuntary muscle contractions, often causing pain in the legs.

Mineral

A naturally occurring, inorganic substance with a definite chemical composition and crystalline structure.