Prices may be sticky in the short run because
A) consumers are irrational and do not react fast enough.
B) firms are set in their ways of conducting business.
C) its too costly for firms to change prices.
D) government regulated money prices.
E) there is no upward pressure on prices in the market.
Correct Answer:
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Q3: New Keynesian economics refers to
A) the monetarist
Q4: The output gap is the difference between
A)
Q5: The Yd(IS)curve in the New Keynesian model
Q6: The key difference between Keynesian and Classical
Q7: The New Keynesian model has the property
Q9: Keynesian sticky price models are typically called
A)
Q10: The natural rate of interest is
A) the
Q11: In the New Keynesian model,the output demand
Q12: In the New Keynesian model,the central bank's
Q13: The New Keynesian model and the monetary
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