Menu costs are a possible reason for
A) swings in the labor force participation rate.
B) low levels of consumer confidence in response to aggregate supply shocks.
C) aggregate supply shocks.
D) sticky product prices.
D
Economics
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What is a cost-push inflation?
What will be an ideal response?
Economics
The budget line can shift or rotate
A) only when income changes. B) only when prices change. C) when either income or prices change. D) None of the above, because changes in income and prices do not shift or rotate the budget line.
Economics