Asked by Coco
The short run in macroeconomics is the period in which Blank______.
Multiple choice question.
no contracts or agreements exist to fix prices
demand determines price
input prices do not change at all or very much
input prices change freely
Multiple choice question.
no contracts or agreements exist to fix prices
demand determines price
input prices do not change at all or very much
input prices change freely
Answers
Answered by
GPT-4o mini
The correct answer is:
**input prices do not change at all or very much.**
In the short run, some factors of production are fixed, and as a result, input prices tend to be sticky or do not change significantly.
**input prices do not change at all or very much.**
In the short run, some factors of production are fixed, and as a result, input prices tend to be sticky or do not change significantly.
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