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    Which figure represents a situation where prices are sticky?Which of the following statements best describes price flexibility in the economy?Which model assumes perfectly inflexible prices and wages?Which of the following best explains why prices tend to be inflexible?

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8. Refer to the above figures. Which figure(s) represent a situation where prices are flexible?A. A only.B. B only.C. Both A and B.D. Neither A nor B.

9. Refer to the above figures. Which figure(s) represent a situation where negative demand shocks can result in a recession?

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10.Because of an entry error,question 10 is the same questions and , as such, has the same answer.11. Refer to the above figures. Which of the following events would most likely result in higher unemployment?

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12. Which of the following statements best describes price flexibility in the economy?

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Refer to the above figures. Which figure(s) represent a situation where prices are flexible?A) Neither A nor B.B) A only.C) Both A and B.D) B only.Correct Answer(s):BPoints Earned:1.0/1.0

2.Which of the following is most closely related to recessions?Points Earned:1.0/1.0

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3.Before the period of modern economic growth:

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4.Supply shocks:Points Earned:1.0/1.0

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5.Macroeconomics is mostly focused on:A) the economy as a whole.B) only the largest industries in the economy.C) why specific businesses fail.D) the individual markets within an economy.Correct Answer(s):APoints Earned:1.0/1.0

Refer to the above figures. Which figure(s) represent a situation where firms are likely to hold inventories to accommodate unexpected changes in demand?Points Earned:0.0/1.0

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7.Suppose that Techno TV produces LCD televisions. At a price of $2,000 per television, Techno determines that its optimal output is 3000 television sets per week. If prices are sticky and fears of a recession reduce demand for LCD televisions, we would expect Techno to:Points Earned:0.0/1.0

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Which figure represents a situation where prices are sticky?

In terms of representing the economy: Figure B represents the very short run, where prices are sticky, and Figure A represents the longer run.

Which of the following statements best describes price flexibility in the economy?

Which of the following statements best describes price flexibility in the economy? Prices tend to be sticky in the short run but become more flexible over time.

Which model assumes perfectly inflexible prices and wages?

Which model assumes perfectly inflexible prices and wages? The aggregate expenditures model. Business cycle fluctuations typically arise because: actual demand ends up being lower or higher than expected.

Which of the following best explains why prices tend to be inflexible?

Which of the following best explains why prices tend to be inflexible even when demand changes? Government regulations limit the number of times a firm can change prices in a year. In most industries the profit-maximizing price does not change even when demand changes. Tải thêm tài liệu liên quan đến nội dung bài viết Refer to the above figures. which figure(s) represent a situation where prices are flexible?

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