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Business, 04.06.2021 04:40 perlamaria01

Keynes believed that Question 2 options: the internal structure of the economy is extremely competitive and that wage-price flexibility exists. monopolistic elements in the economy prevent immediate and sharp price declines in response to falling demand. even though there are monopolistic elements in the economy, wage-price flexibility exists. in spite of the competitiveness of the economy, wage-price flexibility does not exist.

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