5. Market-clearing models assume that prices are and are best applied to understand the economy in the

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5. Market-clearing models assume that prices are and are best applied to understand the economy in the run.

a. flexible, long

b. flexible, short

c. sticky, long

d. sticky, short

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Macroeconomics

ISBN: 9781319263904

11th Edition

Authors: N. Gregory Mankiw

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