According to the new Keynesian economists, SAS adjusts slowly to a change in AD because of

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According to the new Keynesian economists, SAS adjusts slowly to a change in AD because of

According to the new Keynesian economists, SAS adjusts slowly to a change in AD because of
A) high menu costs.
B) staggered overlapping wage contracts.
C) efficiency wages.
D) All of the above combinations explain slow adjustments in SAS.

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Macroeconomics

Edition: 12^th

Author: Gordon

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