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    Exam 13: Business Cycle Models With Flexible Prices and Wages
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    In the New Keynesian Model, an Increase in Current Total
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In the New Keynesian Model, an Increase in Current Total

Question 61

Question 61

Multiple Choice

In the New Keynesian model, an increase in current total factor productivity


A) increases employment.
B) leaves employment unchanged.
C) decreases unemployment.
D) decreases employment.
E) decreases output.

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