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If firms set prices and then keep them fixed for a period of time, their fixed prices imply that

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If firms set prices and then keep them fixed for a period of time, their fixed prices imply that

If firms set prices and then keep them fixed for a period of time, their fixed prices imply that
A) the aggregate price level is fixed and that aggregate demand determines the quantity of goods and services sold.
B) the aggregate price level adjusts continuously.
C) prices are set by aggregate demand and supply.
D) the aggregate price level is fixed and that aggregate supply determines the quantity of goods and services sold.

Textbook

Foundations of Macroeconomics

Edition: 8^th

Authors: Bade, Parkin

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Studying economics @ Edinburgh U

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amish

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More solutions for this book are available here

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vellojo Author

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I went through a flood of websites until I signed up here lol Glad I did

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Studying economics @ Edinburgh U

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