According to Keynes,the Main Institutional Barriers to Downward Wage and Price

question 190

Short Answer

According to Keynes,the main institutional barriers to downward wage and price flexibility were (1)_________________ and (2)___________________.

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Definitions:

Optimistic Thinker

An individual who tends to maintain a positive outlook on life, expecting the best possible outcome in various situations.

Monitoring

The act of observing and checking the progress or quality of (something) over a period of time.

Type A Personality

A personality characterized by high levels of competitiveness, self-imposed stress, impatience, and aggression.

Behaviorists

Psychologists who focus on observable behaviors and the ways in which they're learned.