Question
Keynesian economists believe because of price and wage rigidities the economy's equilibrium output in the long run may be less than its potential output. What
Keynesian economists believe because of price and wage rigidities the economy's equilibrium output in the long run may be less than its potential output. What is price-wage rigidity?Do you agree with Keynes assessment that wage-price rigidity requires government's involvement in the markets?Why?Why not?
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OPEC Twenty Years And Beyond
Authors: Ragaei El Mallakh
1st Edition
1317244737, 9781317244738
