In macroeconomic models, prices are assumed to be completely inflexible in:
A.
The very short run only
B.
The short run and remains so over time
C.
The very long run
D.
Situations when the changes in demand look to be permanent
A.
The very short run only
Economics
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The category of resources economists call "land" refers to all of the following, except:
a. natural gas. b. animals. c. oceans. d. minerals. e. buildings.
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The school of thought that emphasizes the natural tendency for an economy to move toward equilibrium full employment without inflation is the
a. Keynesian school b. supply-side school c. noninterventionist school d. rational expectations school e. classical school
Economics