In the Stylized DSGE Model with Sticky Prices, We Can $F F R \downarrow \rightarrow A D \uparrow \rightarrow \pi \uparrow \rightarrow \left( \frac { W } { P } \right) \uparrow$

True/False

In the stylized DSGE model with sticky prices, we can characterize contractionary monetary policy shock effect the labor market by $F F R \downarrow \rightarrow A D \uparrow \rightarrow \pi \uparrow \rightarrow \left( \frac { W } { P } \right) \uparrow$
.