Multiple Choice
The menu cost theory suggests that
A) there will be no unemployment.
B) wages and prices move freely and quickly.
C) frequent price changes are costly for firms.
D) perfect competition does not exist.
Correct Answer:
Verified
Correct Answer:
Verified
Q189: A central feature of behavioral economics is<br>A)
Q190: Which of the following is NOT a
Q191: Which statement is TRUE when rational expectations
Q192: The Phillips curve shows<br>A) the relationship between
Q193: Cyclical unemployment is negative when<br>A) the inflation
Q195: The term for a pattern of initially
Q196: One key assumption behind the policy irrelevance
Q197: Real business cycles are mostly a result
Q198: With discretionary policy making, fiscal and monetary
Q199: Historical evidence suggests that<br>A) the Phillips curve