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Home Q & A Board Other Fields Homework Help Business Economics
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bedau bedau
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6 years ago
Suppose nominal aggregate demand falls by 3 percent while nominal wages are fixed. If firms were to lower their prices by 3 percent, this would ________ the drop in real output, with such pricing ________ an assumption that firms are profit-maximizers.
A) prevent, in violation of
B) prevent, consistent with
C) worsen, in violation of
D) worsen, consistent with
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
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thecromthecrom
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bedau Author
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6 years ago
This site is awesome
annakc
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Yesterday
Smart ... Thanks!
Starfiew
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2 hours ago
Helped a lot
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