Sticky prices are a direct result of the kinked demand curve

a. True
b. False
Indicate whether the statement is true or false


True

Economics

You might also like to view...

Which of the following policies would reduce structural unemployment?

A) implementing an unemployment insurance policy B) a job retraining program C) building an online job database that helps workers find jobs D) an increase in the minimum wage

Economics

Targeting the federal funds rate allows the Fed some ability to control bank reserves and thus the money supply. Explain how each of the following tools allows the Fed to fine-tune its control of bank reserves

a. Conducting open market operations b. Changing the discount rate c. The ability to pay interest on reserves d. The Term Deposit Facility

Economics

The price system takes into account consumer preferences in the distribution of goods and services.

Answer the following statement true (T) or false (F)

Economics

Currently, which country emits the largest amount of carbon dioxide (CO2)?

a. United States b. United Kingdom c. China d. Russia

Economics