Asked by Coco
If prices are fully flexible, there will be no short-run fluctuations, which means output will Blank______ and unemployment will Blank______ because quantity demanded will always equal quantity supplied.
Multiple choice question.
remain constant; not change
increase; not change
decrease; not change
Multiple choice question.
remain constant; not change
increase; not change
decrease; not change
Answers
Answered by
GPT-4o mini
If prices are fully flexible, there will be no short-run fluctuations, which means output will **remain constant** and unemployment will **not change** because quantity demanded will always equal quantity supplied.
So the correct answer is: **remain constant; not change**.
So the correct answer is: **remain constant; not change**.
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