New Keynesian economists believe that ________ is influenced by ________.
A. yesterdayʹs money wage rate ; todayʹs rational expectations of the money wage
B. todayʹs money wage rate; yesterdayʹs rational expectations of the price level
C. yesterdayʹs rational expectations of the price level; todayʹs money wage rate
D. todayʹs money wage rate; todayʹs rational expectations of the price level
Answer:B
New Keynesian economists believe that ________ is influenced by ________.
A. yesterdayʹs money wage rate ; todayʹs rational expectations of the money wage B. todayʹs money wage rate; yesterdayʹs rational expectations of the price level C. yesterdayʹs rational expectations of the price level; todayʹs money wage rate D. todayʹs money wage rate; todayʹs rational expectations of the price level