Multiple Choice
According to the Keynesians,labor contracts
A) are unimportant for modern labor markets because few worker are unionized.
B) mean that real wages are inflexible.
C) mean that money wages never adjust.
D) imply that nominal wages adjust,but only periodically.
Correct Answer:
Verified
Correct Answer:
Verified
Q30: In the Keynesian theory of labor supply,price
Q31: According to Keynes' fixed money wage theory,when
Q32: An increase in the expected price level
Q33: Which of the following statements is correct?<br>A)The
Q34: What happened to the price level,money wages,real
Q36: In the Keynesian model with a fixed
Q37: An increase in the expected price level
Q38: All of the following will shift the
Q39: According to Keynes,money wages<br>A)would adjust in the
Q40: The Keynesian aggregate demand curve slopes downward