The new Keynesian cycle theory emphasizes the fact that today's money wage rates were negotiated at many past dates, which means that rational expectations of the _ price level influence the money wage rate and the position of the SAS curve.
A. Past, past
B. Past; current
C. Current; past
D. Current; current

Question

12-06-2024
Business

Answered

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The new Keynesian cycle theory emphasizes the fact that today's money wage rates were negotiated at many past dates, which means that rational expectations of the _ price level influence the money wage rate and the position of the SAS curve.
A. Past, past
B. Past; current
C. Current; past
D. Current; current

Sagot :

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