Keynesian economists ________.
A) observe that prices respond slowly to changes in supply and demand
B) believe that the classical dichotomy does not hold in the short run
C) believe that monetary policy affect aggregate output and the real interest rate
D) all of the above
E) none of the above
Correct Answer:
Verified
Q58: John Maynard Keynes _.
A)questioned the classical view
Q59: What did the U.S.business cycles in the
Q60: From 1945 until 1973,the U.S.economy experienced _.
A)rapid
Q61: Rational inattention refers to _.
A)the risk a
Q62: According to the flexible price framework _.
A)an
Q64: In a perfectly competitive market _.
A)most goods
Q65: According to the flexible price framework _.
A)economic
Q66: Under monopolistic competition _.
A)prices are flexible,because producers
Q67: Menu costs _.
A)are the cost a firm
Q68: Prices that adjust slowly to their long-run
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