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    Macroeconomics Study Set 10
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    Exam 11: Keynesianism: the Macroeconomics of Wage and Price Rigidity
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    Keynesians Explain the Procyclical Behavior of Average Labor Productivity by Introducing
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Keynesians Explain the Procyclical Behavior of Average Labor Productivity by Introducing

Question 23

Question 23

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.

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