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