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Keynes and the Neoclassicals 1.  Does it make sense that wages would be sticky downwards but not upwards?...

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Economics

Keynes and the Neoclassicals

1.  Does it make sense that wages would be stickydownwards but not upwards? Why or why not? (25 points)

2.  Explain why the neoclassical economists believethat the government doesn't need to do much about unemployment. (25points)

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