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prisoha [69]
2 years ago
12

New Keynesian economists critique rational expectations by arguing that short-term wage stickiness is brought about by a. the po

licy ineffectiveness proposition. b. imperfect information and efficiency wages. c. competitive markets and inflation. d. competitive markets and market-clearing wages.
Business
1 answer:
mylen [45]2 years ago
8 0

Answer:

New Keynesian economists critique rational expectations by arguing that short-term wage stickiness is brought about by

b. imperfect information and efficiency wages.

Explanation:

The assumption in macroeconomic theories is that economic agents, households, and companies exercise rational expectations.  The New Keynesian economics posits that rational expectations have become distorted as a result of market failure, arising from asymmetric information and imperfect competition, thus questioning the ability of markets to self-regulate and self-correct.

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Answer:

<u>True</u>

<u>Explanation:</u>

Remember, no business operations would exist if there aren't any identified customer needs to solve.

Also, we need to bear in mind that Operations management activities are done in any business in other to efficiently (profitably) process raw materials,  labor, etc into the goods and services needed by consumers.

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Answer:

In attachment.

Explanation:

In attachment.

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