Credibility of the monetary policymaker is important according to the new Keynesian model.
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Q12: In the new classical framework, fiscal policy
Q13: New Keynesians believe that anticipated policies have
Q14: Longer term contracts between firms and suppliers
Q15: Unlike new Keynesian models, new classical models
Q16: In the new Keynesian model, a credible
Q18: If expectations are rational, the credibility of
Q19: New Keynesian economists believe that EMP cannot
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
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