In response to some unexpected changes in demand:
A) the economy could always adjust its production level if the prices are inflexible.
B) the economy would always produce less than what was expected if the prices of goods and services are inflexible.
C) the economy could always produce at its optimal capacity if the prices of goods and services are inflexible.
D) the economy could always produce at its optimal capacity if the prices of goods and services are fully flexible.
Correct Answer:
Verified
Q43: Q44: Which of the following have the most Q45: The short-run fluctuations in output and unemployment Q46: When we say "Prices of many goods Q47: Knowing that in the real world, the
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