Multiple Choice
Which of the following statements is not true?
A) Classical macroeconomists think that prices and wages adjust rapidly in response to the shocks.
B) Keynesian macroeconomists think that it may take several years for the economy to reach general equilibrium.
C) Classical and Keynesian macroeconomists both agree that money is neutral in the long run.
D) Keynesian macroeconomists argue that money is neutral in the short run but not in the long run.
Correct Answer:
Verified
Correct Answer:
Verified
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