New Keynesian Economists Provide Which Two Reasons for Price Stickiness

question 87

Multiple Choice

New Keynesian economists provide which two reasons for price stickiness in the short run?

• A)Imperfect information and imperfect competition
• B)Long-term contracts and imperfect competition
• C)Long-term contracts and imperfect information
• D)Long-term contracts and perfect competition

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Definitions:

Continental Crust

The thick layer of granite, sedimentary, and metamorphic rocks that forms the continents and continental shelves, distinct from oceanic crust.

Oceanic Crust

A thin layer of Earth's crust that lies beneath the ocean basins, composed mainly of basalt.

Elevation

The vertical distance of an object above or below a reference datum (usually mean sea level); generally the height of a ground point above sea level.

Green Mineral Olivine

A common silicate mineral found in the Earth's mantle, recognized by its olive-green color.