According to the Original Keynesian Model,there Would Be Counter-Cyclical Movements

question 131

Multiple Choice

According to the original Keynesian model,there would be counter-cyclical movements of the real wage rate in response to changes in aggregate demand because

• A)firms react to nominal wages and workers respond to real wages.
• B)firms react to real wages and workers respond to the expected real wage.
• C)firms are on their labor demand curve and workers are off their labor supply curve.
• D)firms are off their labor demand curve and workers are on their labor supply curve.

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