Which theory maintains that the money wage rate always adjusts freely?
A. Keynesian cycle theory
B. monetarist cycle theory
C. both the new classical cycle theory and the new Keynesian cycle theory
D. real business cycle theory
Answer:D
Which theory maintains that the money wage rate always adjusts freely?
A. Keynesian cycle theory B. monetarist cycle theory C. both the new classical cycle theory and the new Keynesian cycle theory D. real business cycle theory