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To Explain the Short-Run Fluctuations in the Real-World Economies, Economists

Question 4

Multiple Choice

To explain the short-run fluctuations in the real-world economies, economists refer to:


A) the combination of unexpected changes in demand and inflexible prices.
B) the combination of unexpected changes in demand and flexible prices.
C) the combination of fully expected changes in demand and inflexible prices.
D) the combination of flexible prices and changes in the inventories.

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