Multiple Choice
The Keynesian assumptions of the macroeconomy include each of the following except
A) wages and prices can be "sticky" or "fixed."
B) expectations are volatile and can take many forms.
C) the labor market can be out of equilibrium, causing involuntary unemployment.
D) shocks to aggregate demand will change the composition but not the level of GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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