Prices and wages Interest

by | Jul 13, 2021 | Assignment Help

1 In the short run, increases in the money supply increase the level of output because _.prices and wages are sticky prices and wages are flexible interest rates are sticky demand is fixed

2 A necessary condition for the classical model to work is that _.wages and prices are fully flexible prices, but not wages, are fully flexible wages and prices are not fully flexible wages, but not prices, are fully flexible.

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