The Keynesian theory of nominal wage rigidity predicts that
A) the real wage is countercyclical.
B) the real wage is procyclical.
C) the real wage is acyclical.
D) the real wage is constant.
Correct Answer:
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Q9: Unanticipated increase in the government expenditures would
A)shift
Q10: The crowding-out effect refers to a situation
Q11: In the Keynesian model,
A)the short-run aggregate supply
Q12: Which of the following statements is false?
A)Keynesians,like
Q13: According to Keynesian theory,the SRAS curve is
Q15: Which one of the following describes Keynesians'
Q16: The crowding-out effect will probably occur when
A)the
Q17: When consumption and investment is reduced because
Q18: Which of the following is true in
Q19: An unanticipated increase in the money supply
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