Price coordination among firms will be more difficult when there are substantial differences among the cost structures of the competing firms and the technologies they employ

Indicate whether the statement is true or false

TRUE

Economics

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"Although the price levels appear to display short-run stickiness in many countries, a change in the money supply creates immediate demand and cost pressures that eventually lead to future increase in the price level." Discuss

What will be an ideal response?

Economics

Political candidates tend to be very similar in a representative democracy because _____

a. most candidates are wealthy b. the average voter demands conformity c. of cyclical majorities d. party platforms converge toward the median voter

Economics