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A key assumption of the Keynesian aggregate expenditure model is that: a. Firms meet changes in demand by changing their prices. b. Prices are sticky

A key assumption of the Keynesian aggregate expenditure model is that: a. Firms meet changes in demand by changing their prices. b. Prices are sticky in the short run. c. Firms meet increases in demand by reducing their level of production. d. Firms meet increases in demand by increasing their level of production. e. Both b and d are correct

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