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What Did John Maynard Keynes Believe About the Flexibility of Wages

Question 55

Multiple Choice

What did John Maynard Keynes believe about the flexibility of wages and prices?  


A)  Wages and prices are flexible. 
B)  Wages are flexible, but prices are NOT. 
C)  Wages and prices are relatively inflexible. 
D)  Prices are flexible, but wages are NOT.

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