=+ c. Suppose the central bank does not respond to changes in infl ation but only to

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c. Suppose the central bank does not respond to changes in infl ation but only to changes in output, so that = 0. How, if at all, would this fact change your answer to part (a)?

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Macroeconomics

ISBN: 9781429240024

8th Edition

Authors: N Gregory Mankiw

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Question Posted: Sep 30, 2024 03:02 AM

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=+ c. Suppose the central bank does not respond to changes in infl ation but only to

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Macroeconomics

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