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DSGE models often feature ________, which allow(s) the effects of shocks to lag behind the shocks themselves, and _________, which allow monetary policy to have
DSGE models often feature ________, which allow(s) the effects of shocks to lag behind the shocks themselves, and _________, which allow monetary policy to have real effects on the economy.
Group of answer choices
heterogeneity; nominal rigidities
nominal rigidities; adjustment costs
adjustment costs; nominal rigidities
heterogeneity; incomplete markets
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