According to New Keynesians, Why Can Firms Increase Output in the Short

question 25

Essay

According to New Keynesians, why can firms increase output in the short run in response to higher prices?

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Definitions:

Haploid Spores

Reproductive cells produced by some plants, fungi, and protists that have only one set of chromosomes and can develop into a new organism without needing to fuse with another cell.

Organic Material

Matter composed of organic compounds that has come from the remains of organisms such as plants and animals and their waste products in the environment.

Soil Erosion

The wearing away or removal of soil from the land; although soil erosion occurs naturally from precipitation and runoff, human activities (such as clearing the land) accelerate it.

Mosses

Small, green, non-vascular plants that usually grow in dense green clumps or mats, often in damp or shady locations.