Traditional Keynesians argued that when wages are rigid, changes ...

[altibaby]

Traditional Keynesians argued that when wages are rigid, changes in output result in:
 a. small changes in goods market prices and a flat aggregate supply curve.
  b. large changes in goods market prices and a flat aggregate supply curve.
  c. large changes in goods market prices and a steep aggregate supply curve.
  d. small changes in goods market prices and a steep aggregate demand curve.
  e. small changes in goods market prices and a horizontal aggregate demand curve.

Question 2

A price cut will increase the total revenue a firm receives if the demand for its product is:
 a. elastic.
 b. inelastic.
 c. unit elastic.
 d. unit inelastic.

[itsakadoozi]

Answer to Question 1

a

Answer to Question 2

a

[altibaby]

Gracias!

[mcarey591]

Thanks for the timely response, appreciate it