If
, and
, what would the simple monetary rule dictate the real interest rate be if
? If
? In each case, is the economy in an expansion, in a recession, or in the long run?

Question

If  
, and  
, what would the simple monetary rule dictate the real interest rate be if  
? If  
? In each case, is the economy in an expansion, in a recession, or in the long run?

Quizplus · Accepted Answer

The Answer of If  
, and  
, what would the simple monetary rule dictate the real interest rate be if  
? If  
? In each case, is the economy in an expansion, in a recession, or in the long run?

If , and, What Would the Simple Monetary Rule Dictate the Real