Solved

In Response to Some Unexpected Changes in Demand

Question 47

Multiple Choice

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions