Multiple Choice
According to the new Keynesians:
A) prices adjust to equate demand and supply in every market simultaneously.
B) random variations in the money supply are the original source of economic fluctuations.
C) unemployment is voluntary.
D) aggregate supply shocks can be a prime source of economic instability.
E) government policy cannot stabilize the economy.
Correct Answer:
Verified
Correct Answer:
Verified
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