The Keynesian model differs from the classical model in that
a. people do not have perfect information about the future in the Keynesian model.
b. real wages are not flexible in the Keynesian model.
c. monetary policy affects aggregate demand in the Keynesian model.
d. expectations are crucial in the classical model.
e. all of the above.
A
Economics
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Economics
Refer to Scenario 13.15. If the firms price simultaneously, equilibrium would be
A) an $80 price for Simple and a $70 price for Boring. B) an $80 price for Simple and a $25 price for Boring. C) a $35 price for Simple and a $70 price for Boring. D) a $35 price for Simple and a $25 price for Boring. E) a mixed strategy equilibrium.
Economics