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Economics

Joe notices that prices have gone up for the custom bikes he sells - but fails to notice that the price of everything else is rising too because of general inflation. This is described by the _______________ model, which explains how output _________ when prices are higher than expected.

A. sticky price; falls

B. sticky price; rises

C. imperfect information; rises

D. imperfect information; falls

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91389014

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