Survey data suggest that most firms
A) respond to increased demand by utilizing overtime
B) respond to increased demand by sub-contracting work to other firms
C) review their pricing policies either daily or weekly
D) change the prices of output monthly
E) adjust wages and output prices with equal frequency
Correct Answer:
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Q23: A sudden,unexpected increase in the economy's prevailing
Q24: As firms raise output in response to
Q25: The slope of the aggregate demand curve
Q26: The shape of the short run aggregate
Q27: In contrast to the long run,in the
Q29: Which of the following would cause an
Q30: One of Keynes' most profound insights was
Q31: The long run can be distinguished from
Q32: In the long run,
A) nominal wages rise
Q33: Over the course of the business cycle,most
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