The New Keynesian Economists Argue That Prices Are Relatively Rigid

question 151

Multiple Choice

The new Keynesian economists argue that prices are relatively rigid because of

• A)menu costs.
• B)overlapping staggered contracts.
• C)efficiency wages.
• D)All of the above.

---

Definitions:

Rush of Euphoria

A sudden, intense feeling of happiness, excitement, or well-being, often experienced without a direct external cause.

Cocaine

A powerful stimulant drug derived from the leaves of the coca plant, notorious for its addictive properties and high potential for abuse.

Psychoactive Drugs

Psychoactive drugs are substances that affect the brain's functioning, altering mood, perception, or consciousness.

Vivid Geometric Images

Brightly colored and detailed visual patterns often experienced during dreaming or visual imagination, characterized by geometric shapes.