Does neoclassical economics view prices and wages as sticky or flexible? Why?

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Principles Of Economics

ISBN: 9781506699868

2nd Edition

Authors: OpenStax

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Question Posted: Nov 01, 2023 04:37 AM

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Does neoclassical economics view prices and wages as sticky or flexible? Why?

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Neoclassical economics generally views prices and wages as flexible This perspective is rooted in the idea that markets tend to reach equilibrium thro...View the full answer

Principles Of Economics

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