The new Keynesians emphasize the importance of
A) rational expectations. B) sticky wages and prices.
C) real causes of the business cycle. D) the monetary growth rule.
B
You might also like to view...
One effect of immigration is to:
A. Decrease a nation's total output and productive capacity B. Make capital resources less scarce relative to labor C. Decrease economic efficiency on a worldwide basis D. Increase the wage bill in a nation experiencing immigration if the demand for labor is elastic
Which of the following is a macroeconomics question?
A) What factors determine the price of carrots? B) What determines the production of DVDs? C) What determines the inflation rate? D) What determines the wage of auto workers?
Explain why the marginal propensity to save and the marginal propensity to consume sum to 1
Economists generally agree that
a. human capital theory provides the best explanation of discriminatory practices. b. differences in average wages do not by themselves provide conclusive evidence about the magnitude of discrimination in labor markets. c. discrimination is exclusively an economic, rather than political, phenomenon. d. most of the wage differentials observed in the U.S. economy are due to discrimination.