what-is-a-key-feature-of-the-keynesian-model-regarding-prices-and-wages

Question

What is a key feature of the Keynesian model regarding prices and wages?

Accepted Answer

Prices and wages are sticky and do not adjust quickly to economic changes.

Answer

Wages are sticky, but prices are flexible.

Answer

Prices are sticky, but wages are flexible.

Answer

Prices and wages are flexible and adjust quickly to economic changes.