A firm will shut down in the short-run if

Nominal rigidity is another term for:

a. sticky prices. b. fixed exchange rates. c. menu prices. d. the trilemma.

The more progressive the tax system, the:

A. Less is the built-in stability for the economy B. Greater is the built-in stability for the economy C. Less is the effect of crowding-out on the economy D. Greater is the severity of business fluctuations on the economy