The Yd(IS) curve in the New Keynesian model represents output demand at different levels of
A) the price level.
B) the real interest rate.
C) real wage rate.
D) total factor productivity.
E) the nominal wage rate.
Correct Answer:
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Q44: Comovement between nominal and real variables
A)was not
Q45: In the real business model, a persistent
Q46: Compared to monetary policy, fiscal policy leads
Q47: In the New Keynesian model, an increase
Q48: Negative nominal interest rates work because
A)they are
Q50: New Keynesian economics refers to
A)the IS-LM model.
B)models
Q51: In the New Keynesian model, an increase
Q52: In the New Keynesian sticky wage model,
Q53: Keynesian sticky price models are typically called
A)menu
Q54: If a shock results in a positive
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