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Home Q & A Board Other Fields Homework Help Business Economics
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bedau bedau
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7 years ago
According to Gordon, a major problem with Keynes' "rigid nominal wage" theory of the business cycle is
A) a horizontal LM curve.
B) it is not a market clearing theory.
C) falling real wages are not countercyclical with business activity or Y.
D) None of the above.
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Macroeconomics

Macroeconomics


Edition: 12th
Author:
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supersuinegsupersuineg
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7 years ago
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bedau Author
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#2
6 years ago
thanks !
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