The output gap is the difference between
A) the market-clearing level of output and the actual level of output, Ym-Y*.
B) output demand and output supply.
C) nominal output and real output.
D) the Bank of Canada's output target and the market-clearing level of output.
E) current and future total factor productivity.
Correct Answer:
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Q1: Most central banks,including the Bank of Canada,
A)
Q2: An important feature of the New Keynesian
Q3: New Keynesian economics refers to
A) the monetarist
Q5: The Yd(IS)curve in the New Keynesian model
Q6: The key difference between Keynesian and Classical
Q7: The New Keynesian model has the property
Q8: Prices may be sticky in the short
Q9: Keynesian sticky price models are typically called
A)
Q10: The natural rate of interest is
A) the
Q11: In the New Keynesian model,the output demand
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