The new Keynesian economists argue that prices are relatively rigid because of

As disposable income ________ planned consumption expenditure ________

A) decreases; increases B) increases; decreases C) decreases; remains the same, since it is autonomous expenditure D) increases; increases E) increases; changes only if net taxes also change

Which of the following public policies would be least likely to result in more rapid economic growth for a poor or developing country?

a. policies designed to promote economic development in coastal areas b. policies designed to foster strict enforcement of property rights c. policies designed to foster free trade d. inward-oriented policies