Multiple Choice
Which of the following can help explain why prices might be "sticky"?
A) the rational expectations hypothesis
B) the policy irrelevance proposition
C) real business cycles
D) small menu costs
Correct Answer:
Verified
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Q222: The real business cycle theory
A) is an
Q222: Q223: Stagflation means a Q225: Describe and explain the policy irrelevance proposition.
A) high rate of inflation
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