If there is inflation, "then a firm that has kept its price fixed" for some time will have a
a. high relative price. Relative-price variability rises as the inflation rate rises.
b. high relative price. Relative-price variability falls as the inflation rate rises.
c. low relative price. Relative-price variability rises as the inflation rate rises.
d. low relative price. Relative-price variability falls as the inflation rate rises.
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Home » Business » If there is inflation, "then a firm that has kept its price fixed" for some time will have a a. high relative price. Relative-price variability rises as the inflation rate rises. b. high relative price.