If prices and wages are perfectly flexible, then and changes in aggregate demand have a smaller effect

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“If prices and wages are perfectly flexible, then and changes in aggregate demand have a smaller effect on output.” Is this statement true, false, or uncertain? Explain your answer.

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The Economics Of Money, Banking And Financial Markets, Seventh Canadian

ISBN: 9780226531922

7th Canadian Edition

Authors: Frederic S. Mishkin

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Question Posted: Nov 18, 2024 01:00 AM

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If prices and wages are perfectly flexible, then and changes in aggregate demand have a smaller effect

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The Economics Of Money, Banking And Financial Markets, Seventh Canadian

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