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1. We have discussed two models that describe the relationship between inflation and economicgrowth. Which of the following is a property of the New Keynesian

1. We have discussed two models that describe the relationship between inflation and economicgrowth. Which of the following is a property of the New Keynesian Model but NOT the RealBusiness Cycle (RBC) Model?a. Monetary policy has no effect on long run economic growth 2. b. Recessions can be caused by a fall in aggregate demand. 3. c.Prices are fully flexible in both the short and long run. 4. d.All the above are properties of the RBC model. 5. e.None of the above are properties of the New Keynesian model

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