Which explanation for persistent unemployment used by the original Keynesian model is no longer needed in the new Keynesian model?
A) shifting IS curve
B) a fixed nominal wage
C) aggregate supply curve is a function of the nominal wage
D) rigid wages and prices
B
Economics
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According to the World Bank, low-income economies are heavily concentrated in:
a. Europe and Africa. b. Europe and Asia. c. Asia and Africa. d. Asia and Australia. e. North America and Australia.
Economics
The difference between the purchase price of a financial asset and the sale price of the asset is called a(n)
a. capital gain. b. dividend. c. profit. d. investment.
Economics