Multiple Choice
Keynesians explain the procyclical behavior of average labor productivity by introducing the concept of
A) menu costs.
B) sticky prices.
C) labor hoarding.
D) sticky wages.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q18: In the Keynesian model,the difference between no
Q19: A Keynesian economy is described by
Q20: Do the real effects of aggregate demand
Q21: In the short run in the Keynesian
Q22: In the Keynesian model in the long
Q24: In the Keynesian model in the short
Q25: The 1980s were characterized by _ monetary
Q26: In an economy where firms in most
Q27: In the efficiency wage model,an increase in
Q28: In the Keynesian model in the short