In an opinion column on bloomberg.com, economist Tyler Cowen of George Mason University notes: Keynesian economics focuses
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In an opinion column on bloomberg.com, economist Tyler Cowen of George Mason University notes: “Keynesian economics focuses on sticky nominal wages as one obstacle to increasing production.” Briefly explain what he means.
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When aggregate demand falls sticky nominal wages slow the r...View the full answer
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Related Book For 
Money, Banking, and the Financial System
ISBN: 978-0134524061
3rd edition
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
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