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_____ School of Thought Would Most Likely Be Associated with the Statement

Question 1

Multiple Choice

_____ school of thought would most likely be associated with the statement: "When wages are rigid, changes in output result in small changes in goods market prices and a relatively flat aggregate supply curve."


A) The traditional Keynesian
B) The modern Keynesian
C) The Monetarist
D) The classical
E) The new classical

Correct Answer:

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