In new Keynesian model:
A) money is countercyclical and money is weakly countercyclical 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 countercyclical while the average product of labour is weakly procyclical in the data.
D) all of the above.
Correct Answer:
Verified
Q26: In the short run in a model
Q27: In a new Keynesian model:
A)money is procyclical
Q28: In the short run in a model
Q29: In the long run in a model
Q30: In the long run in a model
Q32: In the short run with a model
Q33: In the short run with a model
Q34: In the short run in a model
Q35: In a new Keynesian model:
A)money is countercyclical
Q36: In the short run in a model
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