Keynesians Disagree with the New Classical Model Because

question 1

Multiple Choice

Keynesians disagree with the new classical model because

• A)people are often irrational.
• B)wages are often negotiated through contracts,not auctions.
• C)people do not form expectations.
• D)wages are set to clear auction markets in both the short run and long run.
• E)all of the above

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