According to the Keynesian Model of Nominal-Wage Rigidity

question 27

Multiple Choice

According to the Keynesian model of nominal-wage rigidity,

• A)if actual and expected prices are the same,output gap will be zero.
• B)even if actual and expected prices are the same,output gap will be positive.
• C)even if actual and expected prices are the same,output gap will be negative.
• D)output gap exists because of price misperception.

---

Definitions:

Constructivist Therapists

Therapists who operate from the perspective that individuals construct their own understanding of the world, emphasizing the importance of personal meaning in therapy.

Different Perspectives

Viewing situations, issues, or concepts from various angles or viewpoints to gain a broader understanding.

Narrative Therapist

A professional who employs narrative therapy, a therapeutic approach that encourages patients to tell their stories and see their problems as separate from themselves.

Constructivist Therapies

Psychotherapeutic approaches focusing on how people construct their own worldview and reality, highlighting personal meaning-making in coping with life challenges.