The key difference between classical and Keynesian macroeconomists is their differing beliefs about

A. The speed at which prices adjust

B. The full employment level of output

C. The natural rate of unemployment

D. The slope of the aggregate demand curve

Solutions

Expert Solution

Answer option)The natural rate of unemployment

The key difference between classical and Keynesian macroeconomists is their differing beliefs about The natural rate of unemployment

The natural rate of unemployment represents the lowest unemployment rate whereby inflation is stable or the unemployment rate that exists with non-accelerating inflation.

Rahul Sunny answered 1 year ago

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