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A Crucial Feature of Early Keynesian Business Cycle Theory Is

Question 111

Multiple Choice

A crucial feature of early Keynesian business cycle theory is that real wages vary ________,which in fact ________ clearly emerge from U.S.data on wages over time.


A) countercyclically,does not
B) countercyclically,does
C) procyclically,does not
D) procyclically,does

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