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In the Short-Run Model, the Steady State Is Characterized By \pi

Question 84

True/False

In the short-run model, the steady state is characterized by πt=πt1=πˉ\pi _ { t } = \pi _ { t - 1 } = \bar { \pi }
and aˉ=aˉ=0\bar { a } = \bar { a } = 0
.

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