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Ao9 Ao9
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9 years ago
Why are aggregate demand shocks not a good explanation of business cycles in the New Keynesian model?
A) Employment does not fluctuate.
B) The wage is not constant.
C) Prices in the model are procyclical.
D) Consumption is not procyclical.
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Macroeconomics

Macroeconomics


Edition: 5th
Author:
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GordisGordis
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9 years ago
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Ao9 Author
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9 years ago
Wow!!
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#3
9 years ago
Glad to help...
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