In our aggregate expenditure model we assume that:
O individual firms' prices are flexible but the price level is fixed.
O both individual firms' prices and the price level are flexible.
O both individual firms' prices and the price level are fixed.
O individual firms' prices are fixed but the price level is flexible
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Home » Business » In our aggregate expenditure model we assume that: O individual firms' prices are flexible but the price level is fixed. O both individual firms' prices and the price level are flexible. O both individual firms' prices and the price level are fixed.