According to New Keynesians, Which of the Following Is NOT

question 88

Multiple Choice

According to new Keynesians, which of the following is NOT an important source of price stickiness?

• A)Imperfect competition among sellers in the goods market
• B)Government wage and price controls
• C)Long-term nominal wage contracts
• D)Long-term nominal price contracts

---

Definitions:

Neuromarketers

Marketing professionals who utilize neuroscience and psychological principles to better understand consumer behavior, preferences, and engagement strategies.

Observation Research

A data-collection tool that involves watching how people behave and recording anything about that behavior that might be relevant to the research objective.

Sales Tracking

A type of research that follows changes in sales during and after promotional programs to see how the marketing efforts affected the company’s sales.

Place

As one of the “four Ps,” includes the activities the firm undertakes to make its product available to potential customers. Also known as distribution.