Question
In the Keynesian model with nominal wage rigidity, an anticipated fiscal contraction ________ the prices of goods and services in the short run, and __________
In the Keynesian model with nominal wage rigidity, an anticipated fiscal contraction ________ the prices of goods and services in the short run, and __________ the level of output in the short run.
a.decreases; decreases
b.decreases; does not change
c.does not change; decreases
d.does not change; does not change
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The Industries Of The Future
Authors: Alec Ross
1st Edition
1476753660, 9781476753669
