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Recent Research by Keynesians and Classicals Has Led to

Question 83

Multiple Choice

Recent research by Keynesians and classicals has led to


A) a reconciliation of the types of models they use.
B) the recognition by classical economists that prices adjust very slowly.
C) convincing evidence that TFP shocks are the dominant force affecting the business cycle.
D) the refutation of the efficiency wage model.

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