Which of the following are explanations for sticky prices?
a. long-term labor contracts
b. fixed exchange rates
c. flexible exchange rates
d. fixed money supply
Ans: a. long-term labor contracts
Economics
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Fill in the blank: Firms under perfect competition would enjoy ________ market power
A) absolutely no B) some C) much D) total
Economics
Which of the following represents one or more of the key goals and objectives of the Fed?
a. Promotion of low-priced foreign imports b. Restoration of scarce and depletable natural resource stocks c. Promotion of U.S. corporate interests overseas d. High levels of employment, economic growth, and stability in prices
Economics