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Interestingly, the new Keynesian methodology holds the objective assumptions supposition, but it expects an assortment of market disappointments. Specifically, New Keynesians accept costs and wages

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Interestingly, the new Keynesian methodology holds the objective assumptions supposition, but it expects an assortment of market disappointments. Specifically, New Keynesians accept costs and wages are "tacky", and that implies they don't change quickly to changes in monetary conditions.[86]

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