In macroeconomics, the short run assumes that input prices are inflexible while output prices are flexible. Thus, the correct answer is:

inflexible; flexible.

Question

In macroeconomics, the short run assumes that input prices are Blank______ while output prices are Blank______.
Multiple choice question.

flexible; inflexible

inflexible; flexible

flexible; also flexible

inflexible; also inflexible

GPT-4o mini · Answer

In macroeconomics, the short run assumes that input prices are **inflexible** while output prices are **flexible**. Thus, the correct answer is: **inflexible; flexible**.