Those economists who attempt to explain why wages and prices do not freely adjust would most likely be

Question

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New Keynesian economists focus on the imperfect information and market rigidities that can prevent wages and prices from adjusting quickly to changes in supply and demand. Real business cycle theorists would argue that wages and prices do adjust freely in response to changes in the business cycle, new classical economists would focus on rational expectations and efficient markets, and new growth theorists would focus on long-term economic growth and technological progress, making options A, B, D incorrect.

Those Economists Who Attempt to Explain Why Wages and Prices