Multiple Choice
That wage and price rigidities cause changes in aggregate demand to lead to changes in real output is a concept associated with
A) classical economists.
B) new classical macroeconomists.
C) real business cycle theorists.
D) new and traditional Keynesians.
E) supply-side economists.
Correct Answer:

Verified
Correct Answer:
Verified
Q26: According to the new classical macroeconomists,the gap
Q27: An unfavorable supply shock<br>A)shifts aggregate demand to
Q28: In employer-employee relationships,informal understandings NOT found in
Q29: Which of the following theories might the
Q30: In labor-management relationships,what are implicit contracts?<br>A) contracts
Q32: Economists' views and analyses of the economy
Q33: The notion that the appropriate monetary policy
Q34: The notion that workers are more inclined
Q35: In the debate between the monetarists and
Q36: One explanation for why wages adjust slowly