New Keynesian economists believe that EMP cannot increase output above the natural rate in the short run.
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Q14: Longer term contracts between firms and suppliers
Q15: Unlike new Keynesian models, new classical models
Q16: In the new Keynesian model, a credible
Q17: Credibility of the monetary policymaker is important
Q18: If expectations are rational, the credibility of
Q20: New classical economists tend to favor non-activist
Q21: The new Keynesian model assumes price and
Q22: Sargent is one of a number of
Q23: If an increase in the money supply
Q24: Reputation plays a role in the credibility
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