The "New Keynesian" Macroeconomics Centered on

question 102

Multiple Choice

The "New Keynesian" macroeconomics centered on

• A)the assumption of continuous market-clearing.
• B)the importance of technological shocks.
• C)the imperfectness of the information held by economic decision-makers.
• D)the rational reasons for slow price and wage adjustment.

---

Definitions:

Pay Equity Theory

A theory that emphasizes fairness in compensation for work, focusing on ensuring that pay is equitable for jobs requiring comparable levels of skill and responsibility.

Nonfinancial Compensation

Benefits or incentives provided to employees that do not involve direct payment, such as health insurance, retirement plans, or company car.

Employee Recognition Programs

Schemes designed to acknowledge and reward employees for their performance and contributions to the organization.

Health Insurance

A form of insurance coverage that pays for medical and surgical expenses incurred by the insured, often offered by employers as part of benefits packages.