Multiple Choice
The set of ideas known as the new Keynesian economics states that:
A) markets clear in the short run because prices adjust whenever there are surpluses or shortages.
B) market imperfections tend to make prices sticky in the short run.
C) markets tend to be in equilibrium because of the inherent forces in the economy.
D) wage and price inflation is the main problem that most economies face in the short run.
Correct Answer:
Verified
Correct Answer:
Verified
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