Which of the Following Perspectives Believes That Both Wages and Prices

question 55

Multiple Choice

Which of the following perspectives believes that both wages and prices are stuck in the immediate short run and that prices are inflexible downward but flexible upward?

• A) Monetarism.
• B) Mainstream economists.
• C) Rational expectations economists.
• D) None of these-they all see wages and prices as flexible.

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