MCQOPTIONS
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| 1. |
In the new Keynesian models, |
| A. | Imperfect competition comes is the result of optimizing behavior by individuals |
| B. | Perfect competition is assumed with respect to the product market |
| C. | A natural monopoly is presumed for the product market |
| D. | Both a and c |
| Answer» B. Perfect competition is assumed with respect to the product market | |