In a new Keynesian model:
A) money is countercyclical and money is weakly countercyclical in the data.
B) the price level is countercyclical and the price level is countercyclical 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
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
Q33: In the short run with a model
Q34: In the short run in a model
Q36: In the short run in a model
Q37: In the short run with a model
Q38: In the short run with a model
Q39: In the long run in a model
Q40: In the short run with a model
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