Multiple Choice
Sticky prices refers to:
A) the prices of some inputs taking longer to adjust to the price level than the output it creates.
B) the prices of some output taking longer to adjust to the price level than the inputs used to create it.
C) the price of more durable goods "sticking," and not adjusting to the price level.
D) the price of consumer goods not adjusting to the price level.
Correct Answer:
Verified
Correct Answer:
Verified
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