In a new Keynesian model:
A) money is procyclical and money is weakly procyclical in the data.
B) the price level is procyclical and the price level is procyclical in the data.
C) the average product of labour is procyclical while the average product of labour is countercyclical in the data.
D) all of the above.
Correct Answer:
Verified
Q22: In the short run with a model
Q23: In the short run with a model
Q24: In a new Keynesian model:
A)money is procyclical
Q25: In the short run with a model
Q26: In the short run in a model
Q28: In the short run in a model
Q29: In the long run in a model
Q30: In the long run in a model
Q31: In new Keynesian model:
A)money is countercyclical and
Q32: In the short run with a model
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