One fundamental difference between New Classical and the New Keynesian macroeconomics is that the New Keynesians model firms as ________ competitive price ________

In the United States, do the poorest 20 percent of the households receive more or less than 5 percent of total income?

What will be an ideal response?

In a recessionary expenditure gap, the equilibrium level of real GDP is:

A.  Less than planned aggregate expenditures B.  Greater than planned aggregate expenditures C.  Greater than full-employment GDP D.  Less than full-employment GDP