In the short run in a model with sticky prices:
A) the labour input is procyclical.
B) the average product of labour is procyclical.
C) the real wage rate in countercyclical.
D) all of the above.
Correct Answer:
Verified
Q23: In the short run with a model
Q24: In a new Keynesian model:
A)money is procyclical
Q25: In the short run with a model
Q26: In the short run in a model
Q27: In a new Keynesian model:
A)money is procyclical
Q29: In the long run in a model
Q30: In the long run in a model
Q31: In new Keynesian model:
A)money is countercyclical and
Q32: In the short run with a model
Q33: In the short run with a model
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