The New Keynesian Economists Believed That

question 83

Multiple Choice

The new Keynesian economists believed that:

• A)wages and prices are flexible in the short run.
• B)wages and real GDP are not flexible in the long run.
• C)wages and real GDP are flexible in the short run.
• D)wages and prices are not flexible in the short run.
• E)wages and prices are not flexible in the long run.

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Definitions:

Applications

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Applets

Small Java applications that can be embedded in web pages to provide dynamic and interactive features.

Integer Division

A division operation between integers where the result is also an integer, discarding any remainder.

Truncated

Refers to shortening something by cutting off part of it, often used in the context of limiting the precision of a numerical value.