Multiple Choice
In the new Keynesian model,an ________ increase in productivity will impact ________.
A) unanticipated;both aggregate demand and aggregate supply
B) anticipated;both aggregate demand and aggregate supply
C) anticipated;aggregate demand,but not aggregate supply
D) unanticipated;aggregate demand,but not aggregate supply
Correct Answer:

Verified
Correct Answer:
Verified
Q62: The new Keynesian model has _ in
Q63: How might a real business cycle theorist
Q64: In real business cycle models,a change in
Q65: Long-run aggregate supply shocks are a source
Q66: According to real business cycle theory,an increase
Q68: In the real business cycle model,unemployment is
Q69: A belief that demand shocks are an
Q70: Real business cycle theorists take the comovement
Q71: Credibility is important to successful anti-inflationary policy
Q72: The real business cycle model suggests that,with