New Keynesian economists a. believe that the deviations of output bel

New Keynesian economists

a. believe that the deviations of output below potential output during recessions are socially costly.
b. presume that much unemployment is involuntary.
c. attempt to improve the microeconomic foundations of the traditional Keynesian models, not challenge their major premises.
d. Both a and c
e. All of the above

ANSWER

E