What was the important assumption made with respect to wage rates in the original Keynesian model? How

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What was the important assumption made with respect to wage rates in the original Keynesian model? How does the new Keynesian model differ in its approach to that assumption?

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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Question Posted: Dec 09, 2015 03:26 AM

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What was the important assumption made with respect to wage rates in the original Keynesian model? How

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In the original Keynesian model nominal wages were assumed to be ri...View the full answer

Macroeconomics

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