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Question
which type of economist believes that workers generally bargain for nominal wages, up to a certain limit?
monetarists
marxist economists
classical economists
keynesian economists
Keynesian economists hold that workers bargain for nominal wages up to a certain limit. They emphasize the role of nominal - wage stickiness in the short - run and how it affects employment and output. Monetarists focus on the role of money supply, Marxist economists on class struggle and exploitation, and classical economists assume flexible wages and prices.
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D. Keynesian economists