Real wage is pro cyclical with Keynesian model??/ classical model??, how about fluctuation in output are
recurrent K-model, classical model??
This is my question,
and this is my understanding about this question,
I know that Keynesian focused on Demand shock.
So I think real wage is not pro cyclical.
But I don’t have idea about fluctuation in Y are recurrent with KB model.
Also , I know classical model is about change in A.
So I think real wage is not pro cyclical with classical model.
But also I don’t know well about fluctuation in Y are recurrent.
Please help me to understand this question.
I don’t know why is it violate the honor code.
I don’t use any other sources.
This is my own question, and I just want to know explanation about this question