Multiple Choice
Keynes said that even should monetary impotence not occur,full self-correction could be short-circuited by
A) the price level failing to fall sufficiently due to downwardly-rigid wages.
B) the price level failing to fall sufficiently due to continuously falling wages.
C) the price level falling too much due to downwardly-rigid wages.
D) the price level falling too much due to continuously falling wages.
Correct Answer:
Verified
Correct Answer:
Verified
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