Multiple Choice
According to the sticky price theory, which of the following is consistent with a more-than-expected rise in the price level?
A) Some firms' prices are higher than desired, which increases their sales.
B) Some firms' prices are higher than desired, which depresses their sales.
C) Some firms' prices are lower than desired, which increases their sales.
D) Some firms' prices are lower than desired, which depresses their sales.
Correct Answer:
Verified
Correct Answer:
Verified
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