Answered

Welcome to Westonci.ca, where finding answers to your questions is made simple by our community of experts. Join our Q&A platform to get precise answers from experts in diverse fields and enhance your understanding. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

Question 36 (2.5 points)

Sticky prices:
A. Will become less sticky over time (the long run).
B. Become stickier over time (the long run).
C. Mean recessions will end quickly.

Sagot :

GinnyAnswer

Final answer:

Sticky prices in economics are prices that adjust slowly to their equilibrium level, impacting employment and causing economic downturns.


Explanation:

Sticky prices refer to prices that are slow to adjust to their equilibrium level, causing shortages or surpluses, which can lead to unemployment and recessions due to wage and price stickiness in markets. In the long run, prices are expected to be more flexible than in the short run, allowing for adjustments leading to natural levels of employment and output.


Learn more about Sticky prices here:

https://brainly.com/question/43208976


Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.