Which of the following statements are false? A. The absolute price of a hood is the dollar or money price of the good. B. Firms may not adjust their prices immediately because they may be unable to figure out whether a decline in demand is temporary or permanent. C. Some prices in an economy, adjust faster than other prices. D. Aggregate demand curves slope downward.
Which of the following statements are false? A. The absolute price of a hood is the dollar or money price of the good. B. Firms may not adjust their prices immediately because they may be unable to figure out whether a decline in demand is temporary or permanent. C. Some prices in an economy, adjust faster than other prices. D. Aggregate demand curves slope downward.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter3: Supply And Demand: Theory
Section: Chapter Questions
Problem 21QP
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Which of the following statements are false?
A. The absolute
B. Firms may not adjust their prices immediately because they may be unable to figure out whether a decline in
C. Some prices in an economy, adjust faster than other prices.
D. Aggregate demand
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