Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. economics
  3. provide five (5) reasons why product prices are st

Provide five (5) reasons why product prices are sticky in the short run.

60.1K

Verified Solution

Question

Economics

Provide five (5) reasons why product prices are sticky in theshort run.

Answer & Explanation Solved by verified expert
4.2 Ratings (740 Votes)
In view of the claims regarding nominal wage stickiness the rigidity of other prices is easier to explain Because wages are a major component of the overall cost of doing business wage stickiness can lead to stickiness of the production price Until changing their prices at least some companies will take a wait and    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Provide some definitions and descriptions of the following objects with diagrams. 1. Chandrasekar mass 2. Critical cosmological density 3....

Physics
Q

Coronado Company issues $26000000, 5%, 5-year bonds dated January 1, 2017 on January 1, 2017. The...

Accounting
Q

4 POINTS 30 MULTIPLY THE FOLLOWING MATRICES 2 5 3 6 2 4 1 68...

Basic Math
Q

Michael wants to buy some new exercise equipment for his fitness center for 171 000...

Basic Math
Q

Determine the critical value s for a left tailed hypothesis test for a mean with...

Statistics
Q

Olivia Sophia Emma Charlotte Emma Amelia Ava Sophia Sophia Ava Charlotte Olivia Emma Amelia Emma...

Statistics
Q

1 point The domain of the function g x log x 64 is and 1...

Algebra
Q

After years of working in management consulting in LONDON, BOB earned a good fortune of...

Accounting
Q

Multiple Choice Question 101 Serene Stereos has the following inventory data: Nov. 1 Inventory 36...

Accounting
Q

Your Company needs $10,000,000 for a plant expansion. You can obtain the funds by either...

Accounting
Q

Income statements under absorption costing and variable costing Instructions Crazy Mountain Sports Inc, assembles and...

Accounting
Q

what is leadership

Accounting