Author Question: According to Keynes, money wages a. would adjust in the short run in order to maintain ... (Read 21 times)

burchfield96 · **on:** Jun 30, 2018

According to Keynes, money wages

a. would adjust in the short run in order to maintain full-employment.
b. are inflexible in the short run are cannot guarantee full-employment levels of output.
c. are inflexible and fall as the price level rises.
d. are more flexible downward than upward direction.

Question 2

Physical destruction of property during the Civil War (18611865) occurred on a wide scale in both the North and the South.

Indicate whether the statement is true or false