Multiple Choice
John Maynard Keynes argued that _______
A) flexibility in wages and prices could block adjustments to full employment.
B) stickiness in wages and prices could block adjustments to full employment.
C) wage and price rigidities were caused by producer and consumer expectations about future prices.
D) wage and price rigidities could be eliminated by government wage and price setting.
Correct Answer:
Verified
Correct Answer:
Verified
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