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Ao9 Ao9
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8 years ago
In the Friedman-Lucas money surprise model
A) If actual inflation is higher than anticipated inflation, then output must be below its trend value.
B) monetary policy does not work.
C) money is neutral.
D) If actual inflation is higher than anticipated inflation, then output must be above its trend value.
Textbook 
Macroeconomics

Macroeconomics


Edition: 5th
Author:
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GordisGordis
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8 years ago
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Ao9 Author
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#2
8 years ago
You're sharp, thanks!
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#3
8 years ago
Glad to help...
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