Multiple Choice
Which of the following statements is false?
A) Some prices in an economy adjust faster than other prices.
B) Aggregate demand curves slope downward.
C) Firms may not adjust their prices immediately because they may be unable to figure out whether a decline in demand is temporary or permanent.
D) The absolute price of a good is the dollar or money price of the good.
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q6: Individuals' expectations of lower future prices is
Q7: The short-run aggregate supply (SRAS)curve shows the
Q8: A simultaneous rise in aggregate demand and
Q9: Individuals' expectations of higher future income is
Q10: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q12: If aggregate quantity demanded is greater than
Q13: A change in labor productivity shifts the
Q14: The interest rate effect,the real balance effect,and
Q15: An increase in short-run aggregate supply is<br>A)
Q16: In the short run,an increase in investment,ceteris