If prices of goods and services quickly adjust to demand shocks, then
A.
Firms would find it difficult to produce at their optimal output rates
B.
Output rates would quickly adjust to changes in demand
C.
Firms would find it easier to produce at their optimal output rates
D.
The economy would experience severe short-run fluctuation
C.
Firms would find it easier to produce at their optimal output rates
Economics
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Refer to the above figure. Autonomous consumption is
A) only at point A. B) to the left of point B. C) only at point B. D) to the right of point B.
Economics
The available data strongly suggest that, as the "needs" argument would suggest, the demand for health care is virtually perfectly inelastic
Indicate whether the statement is true or false
Economics