Multiple Choice
Which of the following schools of thought believes that wages and prices are rigid in the short run?
A) Keynesians and new Keynesians
B) Only monetarists
C) Only new classical economists
D) Monetarists and new classical economists
E) Monetarists and Keynesians
Correct Answer:

Verified
Correct Answer:
Verified
Q23: Which of the following is true of
Q24: According to monetarists, changes in the money
Q25: Which of the following economic theories takes
Q26: The time it takes for a particular
Q27: The new classical school of thought is
Q29: Which of the following statements accurately expresses
Q30: Which of the following thoughts do the
Q31: Which of the following is the basic
Q32: The recognition lag refers to the:<br>A)time taken
Q33: In traditional Keynesian economics:<br>A)the aggregate supply curve