Millionaire Mode

The New Keynesian Macroeconomics

Question 1 of 15

Which of the following is a key assumption of the New Keynesian macroeconomic model?

  1. Prices and wages are perfectly flexible.
  2. Prices and wages are sticky in the short run.
  3. The economy is always at full employment.
  4. The Phillips curve is vertical in the long run.

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000