Select all the statements below that represents characteristics of the neo-classical macroeconomic model: □A. Potential GDP determining the size of the economy □B. Sticky prices and wages C. Flexible prices and wages □D. Focus on long term macroeconomic conditions □E. Focus on government intervention in the economy

Select all the statements below that represents characteristics of the neo-classical macroeconomic model: □A. Potential GDP determining the size of the economy □B. Sticky prices and wages C. Flexible prices and wages □D. Focus on long term macroeconomic conditions □E. Focus on government intervention in the economy

Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781305971509

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter20: Aggregate Demand And Aggregate Supply

Section: Chapter Questions

Problem 6CQQ

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