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vellojo vellojo
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Posts: 2982
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7 years ago
Which of the following is TRUE regarding the new classical view of the business cycle?
A) Long-term contracts cause business cycles.
B) Long-term contracts cause the money wage rate to be sticky.
C) If firms and workers expect the quantity of money to increase, aggregate demand will decrease.
D) If firms and workers anticipate an increase in aggregate demand, money wages can be adjusted.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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Studying economics @ Edinburgh U
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ukraniaukrania
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Posts: 1046
7 years ago
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vellojo Author
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7 years ago
Checks out after I submitted my assignment Smiling Face with Open Mouth
Studying economics @ Edinburgh U
wrote...
7 years ago
Welcome Slight Smile
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Wish it. Person Raising Both Hands in Celebration
Do it. Person Raising Both Hands in Celebration
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