A key component of the Keynesian model is that
A) prices are sticky.
B) prices are flexible.
C) wages are flexible.
D) people are not fooled by money illusion.
Correct Answer:
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Q167: According to Keynes, once a system attains
Q168: The simple Keynesian model assumes that
A) gross
Q169: In the short run, an increase in
Q170: Q171: The relationship between the price level and Q173: Which of the following is a TRUE Q174: Keynes suggested that the short-run aggregate supply Q175: The Keynesian portion of the short-run aggregate Q176: The short-run aggregate supply (SRAS) curve represents Q177: The Keynesian portion of the short-run aggregate
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