A. market prices
B. sticky prices
C. fixed prices
D. regulatory prices
Correct Answer: sticky prices ✔
Last Updated: June 18, 2019
Related MCQs
- The regarding the new classical macroeconomics is hoe realistic is the assumption ?
- It is difficult to determine if the velocity of money is constant over time because ?
- The quantity theory of money implies that a given percentage change in the money supply will cause ?
- People are said to have rational expectations if they ?
- The hypothesis that people know the true model of the economy and that they use this model to form their expectations of the future is the ?
- The nation that the government can establish the macroeconomic is known as ?
- According of Keynes, the level of employment is determined by ?
- According to classical models, the level of employment is determined primarily by ?
- The economists who emphasised wage flexibility as a solution for unemployment were ?
- A group of modern economists who believe that institutional factors and confidence strongly influence business behaviour and that expanding demand will usually increase output rather than prices are the ?
- A group of modern economists who believe that markets clear very rapidly and that expanding the money supply will always increase prices rather than employment are the ?
- New classical theories were an attempt to explain ?
- If the demand for money depends on the interest rate the velocity of circulation is ?
- The persistence of a phenomenon such as unemployment, even then its causes have been removed is called ?
- The rational-expectation hypothesis suggests that the forecasts that people make concerning future inflation rates ?
- Rapid increase in the price level during periods of recession of high unemployment are known as ?
- The government increase government spending to try to reduce unemployment This is an example of ?
- Keynesian economics became popular because it was able to explain ?
- According to the classical economists the economy ?