Multiple Choice
Which of the following explains why resource prices are often the slowest prices to adjust?
A) Resource prices are not affected by inflation.
B) Resource prices are often set by lengthy contracts.
C) Resource prices are often set by governments.
D) Resource prices are not reported in the consumer price index (CPI) .
E) Resource prices are all tied to inflation.
Correct Answer:
Verified
Correct Answer:
Verified
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