Traditional Keynesians argued that when wages are rigid, changes in output result in:

a.large changes in goods market prices and a steep aggregate supply curve.

b.large changes in goods market prices and a flat aggregate supply curve.

c.small changes in goods market prices and a flat aggregate supply curve.

d.small changes in goods market prices and a horizontal aggregate demand curve.

e.small changes in goods market prices and a steep aggregate demand curve.

Traditional classical economists believe that:

a.people do not have perfect information about the economy.

b.wage rates are perfectly flexible.

c.changes in aggregate demand change only the real GDP.

d.the price of resources, technology, and expectations cannot influence the equilibrium level of real GDP.

e.prices are fixed for long periods of time.