Keynesian economists ________.
A) believe that the classical dichotomy does not hold in the long run
B) believe that only the interaction between savings and investment affects the real interest rate
C) observe that prices are "sticky"
D) all of the above
E) none of the above
Correct Answer:
Verified
Q69: An increase in the price level that
Q70: According to the flexible price framework _.
A)aggregate
Q71: Keynesians believe _.
A)that economies move quickly to
Q72: How does slow price adjustment,as assumed in
Q73: How does rapid price adjustment,as assumed in
Q75: Rapid growth of the money supply might
Q76: Keynesian economists _.
A)observe that prices are perfectly
Q77: In a perfectly competitive market _.
A)the goods
Q78: Describe how Keynesian economics is a cyclical
Q79: Under monopolistic competition _.
A)many goods and services
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