Multiple Choice
The position of new Keynesian economics is that:
A) wages are flexible in the macroeconomy.
B) there is no tradeoff between unemployment and inflation.
C) a free market economy will automatically operate at full employment.
D) businesses set prices based on what is needed to maximize their profits, not on what is occurring in the economy at large.
Correct Answer:
Verified
Correct Answer:
Verified
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