Economist often consider that .... in the long run but ..... in the short run. ( Choose one or more.) a. the classical dichotomy does not hold / holds. b. the classical dichotomy holds / do not hold. c. wages are flexible / sticky. d. prices are flexible / sticky e. prices are sticky / flexible

Economist often consider that .... in the long run but ..... in the short run. ( Choose one or more.) a. the classical dichotomy does not hold / holds. b. the classical dichotomy holds / do not hold. c. wages are flexible / sticky. d. prices are flexible / sticky e. prices are sticky / flexible

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter16: Expectations Theory And The Economy

Section16.5: Looking At Things From The Supply Side: Real Business Cycle Theorists

Problem 2ST

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Question

Economist often consider that .... in the long run but ..... in the short run.

( Choose one or more.)

a. the classical dichotomy does not hold / holds.

b. the classical dichotomy holds / do not hold.

c. wages are flexible / sticky.

d. prices are flexible / sticky

e. prices are sticky / flexible.

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