Multiple Choice
Prices tend to be sticky because
A) firms are worried that frequent price changes would annoy consumers.
B) most firms have agreements with each other to fix prices at profit-maximizing levels.
C) government controls most prices.
D) foreign competition discourages domestic firms from price changes.
Correct Answer:

Verified
Correct Answer:
Verified
Q21: (Consider This) Suppose that Toyota buys a
Q22: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8601/.jpg" alt=" Refer to the
Q23: At the end of the summer driving
Q24: How does inflation affect people's standard of
Q25: Suppose that prices are sticky in the
Q27: When demand shocks lead to recessions, it
Q28: Supply shocks occur any time there is
Q29: Which of the following is not an
Q30: Which of the following is most closely
Q31: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8601/.jpg" alt=" Refer to the