The new Keynesian theories of efficiency wages imply
A) nominal wage rigidity.
B) real wage rigidity.
C) changes in unemployment represent changes in the natural rate of unemployment.
D) market clearing in the labor market in the long-run.
E) None of the above
Correct Answer:
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Q31: Which of the following statements is (are)correct?
Q32: New Keynesian economists have examined whether real-world
Q33: Real business cycle and new Keynesian models
Q34: Which of the following statements is (are)correct?
A)Real
Q35: The real business cycle theory and the
Q37: New Keynesian theories of efficiency wages imply
A)voluntary
Q38: In the real business cycle theory,during a
Q39: Which of the following models view changes
Q40: In any efficiency wage model,it must be
Q41: Real business cycle proponents argue that
A)employment is
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