A key component of the Keynesian model is that
A) people are not fooled by money illusion. B) prices are flexible.
C) prices are sticky. D) wages are flexible.
C
Economics
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An increase in the growth rate of nominal GDP would be displayed in our model as:
A. a parallel shift of the AD curve outward. B. the AD curve becoming steeper. C. a parallel shift of the AD curve inward. D. the AD curve becoming flatter.
Economics
When rent controls establish a legal maximum rental rate below the equilibrium rental rate
A) quantity demanded exceeds quantity supplied. B) quantity supplied exceeds quantity demanded. C) demand exceeds supply. D) supply exceeds demand.
Economics