Home / Expert Answers / Economics / what-did-keynes-mean-when-he-said-that-prices-are-sticky-part-2-a-prices-need-to-be-sticky-or-w-pa398

(Solved): What did Keynes mean when he said that prices are sticky? Part 2 A. Prices need to be sticky or w ...



What did Keynes mean when he said that prices are​ sticky? Part 2 A. Prices need to be sticky or we would have​ cost-push inflation. B. Prices are inflexible upward due to the aversion people have to higher prices. C. ​Prices, especially the price of​ labor, are inflexible downward. D. Prices are sticky because of​ cost-push inflation.



We have an Answer from Expert

View Expert Answer

Expert Answer


We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe