Firms do not change prices frequently because:
A) there are legal prohibitions against doing so.
B) it is easier to change the quantity of capital used in production.
C) it is costly to do so.
D) customers will refuse to patronize firms that change prices frequently.
Correct Answer:
Verified
Q1: If firms sell less output than expected,
Q2: Planned investment may differ from actual investment
Q4: In the Keynesian model, it is assumed
Q5: Menu costs are the costs of:
A)running a
Q6: The basic Keynesian model is built on
Q7: The assumption that firms meet the demand
Q8: When actual investment is less than planned
Q9: Planned aggregate expenditure is total:
A)value added in
Q10: If firms sell less than is expected,
Q11: All of the following would be included
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