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Home Page Test Answers Which of the following statements best describes price flexibility in the economy? - Q/A (Question and Answer)

Which of the following statements best describes price flexibility in the economy? – Q/A (Question and Answer)

Question
Which of the following statements best describes price flexibility in the economy? – Q/A (Question and Answer)
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Bernice Cooper

Test Answer

Answer:

Prices tend to be sticky in the short run but become more flexible over time

Recource Macro Ch.6 And 7 Quiz Questions

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What is the right structure for an essay
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A paragraph is a related group of sentences that develops one main idea. Each paragraph in the body of the essay should contain:
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  • supporting sentences to explain and develop the point you’re making
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  • analysis of the implication/significance/impact of the evidence finished off with a critical conclusion you have drawn from the evidence.