In the short run, when prices are sticky and the product market is in equilibrium, income rises

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In the short run, when prices are sticky and the product market is in equilibrium, income rises as the interest rate declines because:
a). Investment expenditure rises
b). Imports decline
c). Exports rise
d). All of the above
c). None of the above

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Managerial Economics and Strategy

ISBN: 978-0321566447

1st edition

Authors: Jeffrey M. Perloff, James A. Brander

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Posted Date: Sep 01, 2020 08:31 AM

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In the short run, when prices are sticky and the product market is in equilibrium, income rises

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Expert Answer:

Option d is correct answer All of the above Expla... View the full answer

Managerial Economics and Strategy

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