One fundamental difference between New Classical and the New Keynesian macroeconomics is that the New Keynesians model firms as ________ competitive price ________.
A)perfectly,setters
B)perfectly,takers
C)imperfectly,setters
D)imperfectly,takers

Question

Quizplus · Accepted Answer

New Keynesian macroeconomics models firms as imperfectly competitive price setters, incorporating price stickiness and market imperfections into their analyses.

One Fundamental Difference Between New Classical and the New Keynesian