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    Exam 22: Modern Business Cycle Theory
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    Research Supporting the New Keynesian Model Finds That Prices Are
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Research Supporting the New Keynesian Model Finds That Prices Are

Question 27

Question 27

Multiple Choice

Research supporting the new Keynesian model finds that prices are ________.


A) slow to adjust to aggregate demand shocks
B) changed very frequently
C) changed only infrequently
D) not as flexible as wages

Correct Answer:

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