New Keynesian economists believe that a. movements in unemployment ca

New Keynesian economists believe that

a. movements in unemployment can be explained by voluntary movements in and out of the labor market..
b. everyone who is not working is involuntary unemployed.
c. labor markets clear in the long-run.
d. the new classical model has merit, but recessions cannot be adequately explained in a model of with perfectly flexible prices and wages.

ANSWER

D