Multiple Choice
According to Keynes, wages are inflexible because
A) of the minimum wage set by government.
B) of unions and long-term contracts.
C) workers do not behave in their own self-interest.
D) the economy is never in the long run.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q7: At higher rates of interest<br>A) households save
Q61: An individual who is suffering from money
Q66: Refer to the above figure. Which of
Q72: The idea that supply creates its own
Q76: 11.4 Consequences of Changes in Aggregate Demand<br>
Q96: In the original Austin Powers, Dr. Evil
Q225: All the following are assumptions of the
Q267: Demand-pull inflation is caused by<br>A) aggregate demand
Q324: According to Keynes, the "stickiness" of wage
Q330: Which of the following is NOT a