An increase in the money supply will increase real GDP growth in the long run in A) the Real Business Cycle model. B) the New Keynesian model. C) Neither the Real Business Cycle model nor the New Keynesian model. D) Both the Real Business Cycle model and the New Keynesian model.
An increase in the money supply will increase real GDP growth in the long run in A) the Real Business Cycle model. B) the New Keynesian model. C) Neither the Real Business Cycle model nor the New Keynesian model. D) Both the Real Business Cycle model and the New Keynesian model.
Chapter17: The Philips Curve And Expetactions Theory
Section: Chapter Questions
Problem 7SQP
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An increase in the money supply will increase real GDP growth in the long run in
A) the Real Business Cycle model.
B) the New Keynesian model.
C) Neither the Real Business Cycle model nor the New Keynesian model.
D) Both the Real Business Cycle model and the New Keynesian model.
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