Recent Research by Keynesians and Classicals Has Led to

question 88

Multiple Choice

Recent research by Keynesians and classicals has led to

• A)a reconciliation of the types of models they use.
• B)the recognition by classical economists that prices adjust very slowly.
• C)convincing evidence that TFP shocks are the dominant force affecting the business cycle.
• D)the refutation of the efficiency wage model.

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