The new Keynesian economists believed that:
A) wages and prices are flexible in the short run.
B) wages are flexible but prices are not flexible in the long run.
C) wages are not flexible but prices 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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Q12: Traditional Keynesian economists believed that:
A)the aggregate supply
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