Which of the following theories is criticized for assuming the money wage rate is not sticky?
A. monetarist cycle theory
B. real business cycle theory
C. Keynesian cycle theory
D. new Keynesian cycle theory
Answer:B
Which of the following theories is criticized for assuming the money wage rate is not sticky?
A. monetarist cycle theory B. real business cycle theory C. Keynesian cycle theory D. new Keynesian cycle theory