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    Macroeconomics Study Set 12
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    Exam 17: New Classical Macro and New Keynesian Macro
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    In the Fooling Model,real Wages
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In the Fooling Model,real Wages

Question 14

Question 14

Multiple Choice

In the fooling model,real wages


A) are countercyclical.
B) are procyclical.
C) are constant.
D) show no clear cyclical pattern.

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