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    Economics Principles and Policy Study Set 1
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    Exam 27: Bringing in the Supply Side: Unemployment and Inflation
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    Resource Prices Are Fixed for Some Period of Time Because
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Resource Prices Are Fixed for Some Period of Time Because

Question 171

Question 171

Multiple Choice

Resource prices are fixed for some period of time because


A) some workers enter into long-term contracts.
B) firms purchase raw materials on set-price contracts.
C) many workers get pay increases only once a year.
D) All of the above are correct.

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