The new Keynesian economists believed that:
A) wages and prices are flexible in the short run.
B) wages and real GDP are not flexible in the long run.
C) wages and real GDP are flexible in the short run.
D) wages and prices are not flexible in the short run.
E) wages and prices are not flexible in the long run.
Correct Answer:
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Q11: Which of the following thoughts do the
Q12: Traditional Keynesian economists believed that:
A)the aggregate supply
Q13: The figure given below shows the supply
Q14: Traditional Keynesians argued that when wages are
Q15: Which of the following schools of thought
Q17: If the traditional Keynesian views turn out
Q18: Which of the following macroeconomic schools of
Q19: According to new Keynesian economics:
A)the aggregate supply
Q20: Which of the following is true from
Q21: According to the traditional Keynesian school of
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