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johnpaul92 johnpaul92
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8 years ago
How do RBC economists face the business cycle fact that inflation is procyclical?
A) They argue that inflation is procyclical only because monetary policy shocks are the main cause of business cycles.
B) They note that inflation would not be procyclical if monetary policy were conducted properly.
C) They argue that even though inflation doesn't fit their theory, everything else does, and inflation is not important.
D) They use alternative statistical methods that suggest that inflation is countercyclical.
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Macroeconomics

Macroeconomics


Edition: 8th
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supamansupaman
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8 years ago
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johnpaul92 Author
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#2
8 years ago
Wow, you answered what I thought was impossible to answer, thank you!
rrippd
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#3
8 years ago
Glad to be part of your success Wink Face
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