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Question 12 4 pts The Keynesian economic framework is based on an assumption that prices and wages are recession and do not adjust rapidly. $\qquad$ during a $\square$ 4 Previous Next Not saved Submit Quiz

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Shawn

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The question seems to be incomplete as it cuts off before providing the statement or question related to the Keynesian economic framework. However, based on the context provided, the task appears to be to complete a statement about the Keynesian economic framework’s assumption regarding prices and wages during a recession.

Solution By Steps

Step 1: Understanding Keynesian Assumptions

The Keynesian economic framework assumes that prices and wages are sticky during a recession, meaning they do not adjust rapidly to changes in the economy.

Step 2: Completing the Statement

The statement should be completed as follows: “The Keynesian economic framework is based on an assumption that prices and wages are sticky during a recession and do not adjust rapidly.”

Final Answer

The completed statement is: “The Keynesian economic framework is based on an assumption that prices and wages are sticky during a recession and do not adjust rapidly.”

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