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smitch6 smitch6
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6 years ago
In the New Keynesian Rational Expectations model with a Taylor rule, if the central bank follows the Taylor principle,
A) there is no steady state.
B) there are three steady states.
C) there are many steady states.
D) there are two steady states.
E) there is one steady state.
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Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
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