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Home Q & A Board Other Fields Homework Help Business Economics
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ice5192 ice5192
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6 years ago
Changes in the money supply in the New Keynesian model are not a likely explanation of the typical business cycle, because the model counterfactually predicts that
A) consumption is procyclical.
B) the real wage is countercyclical.
C) the real wage is procyclical.
D) employment is procyclical.
E) investment is procyclical.
Textbook 
Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
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karmarkarmar
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6 years ago
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ice5192 Author
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#2
6 years ago
Thanks!
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