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ice5192 ice5192
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6 years ago
When firms are subject to Calvo pricing,
A) they price their output at the Calvo lower bound.
B) they can change their prices at will.
C) they change their prices every other year.
D) when they change their prices is determined at random.
E) they can never change their prices.
Textbook 
Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
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Blade73Blade73
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ice5192 Author
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6 years ago
Thank you
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