Economy, asked by LalaAngson, 8 months ago

Discuss the theory of wage and price rigidity as given by new keynesian

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Answered by ItzRiya07

2

Answer:

What Is New Keynesian Economics? ... This revised theory differs from classical Keynesian thinking in terms of how quickly prices and wages adjust. New Keynesian advocates maintain that prices and wages are "sticky," meaning they adjust more slowly to short-term economic fluctuations.

Answered by MzAbstruse

6

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