Why prices will not always adjust to changes in spending

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Reference no: EM13698296

Which of the following is a valid reason as to why prices will not always adjust to changes in spending?

a. not all prices are set at the same time but are staggered in time

b. labor’s productivity is falling as education in other nations is improving

c. firms refuse to accumulate inventories and lower prices to keep inventories from increasing

d. all of the above

Reference no: EM13698296

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