Multiple Choice
According to Keynesian economists,why are prices and wages often inflexible?
A) Because of the existence of large corporations and unions.
B) Because of high unemployment.
C) Because of government regulation of the market.
D) Because the AS curve is vertical.
E) Because the AD curve is horizontal.
Correct Answer:

Verified
Correct Answer:
Verified
Q120: Answer the question(s)on the basis of the
Q121: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1338/.jpg" alt=" -Refer to the
Q122: Explain why a decrease in nominal wages
Q123: The following are an aggregate demand and
Q124: Under what circumstances will the multiplier effect
Q126: A change in resource prices will shift
Q127: Which of the following will lead to
Q128: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1338/.jpg" alt=" -Refer to the
Q129: What does the interest-rate effect explain?<br>A)The shape
Q130: According to neoclassicists,an increase in aggregate demand