In the sticky-price model-09165
In the sticky-price model:
This multiple choice question (MCQ) is related to the book/course
vu eco403 Macroeconomics.
It can also be found in
vu eco403 Final Term - Quiz No.1.
In the sticky-price model:
All firms adjust prices instantly in response to changes in demand.
No firms adjust prices instantly in response to changes in demand
Some firms adjust prices instantly in response to changes in demand while others do not
Output is constant
