Empirical evidence shows that prices are sticky ________.
A)in all sectors of the economy
B)in hardly any sectors of the economy
C)except in response to changes within individual markets
D)all of the above
E)none of the above

Question

Quizplus · Accepted Answer

Empirical evidence shows that prices are generally sticky except in response to changes within individual markets. This means that prices may adjust in certain sectors or industries based on changes in supply and demand, but overall, prices tend to remain relatively inflexible.

Empirical Evidence Shows That Prices Are Sticky ________