The more flexible prices are, A. the greater the hesitancy of sellers to change the nominal price. B. the greater the demand shifts necessary to bring about a new equilibrium. C. the more quickly a shock to the economy can be absorbed. D. the larger the shifts in supply will be following a change in demand.

Question 55 ted, a supervisor for jack's pool supplies, was accused of stealing pool supplies and selling them to friends and relatives at reduced prices. given ted's earlier track record, he was not fired immediately. the authorities decided to give him an administrative leave, without pay, until the investigation was complete. in view of the given information, it would be most appropriate to say that ted was: demoted. discharged. suspended. dismissed.