The economy's ability to coordinate economic activity is hindered by
A) auction prices. B) workers whose wages change quickly.
C) sticky wages causing sticky prices. D) all of the above.
C
You might also like to view...
Cross-elasticity of demand could be used to measure the responsiveness of the quantity demanded of swimming pools to a change in the price of picnic tables
a. True b. False Indicate whether the statement is true or false
If a country's currency depreciates, which of the following will most likely happen?
a. Net exports will fall and aggregate demand will increase. b. Net exports will rise and aggregate demand will increase. c. Net exports will fall and aggregate demand will decrease. d. Net exports will rise and aggregate demand will decrease.
Which of the following accounted for over 85 % of our trade deficit in goods and services in 2009?
A. Imports from China. B. Imports from Japan. C. Imports of Oil. D. Imports of steel.
The price system is based on the law of __________________.
Fill in the blank(s) with the appropriate word(s).