Question
The most fundamental assumption in the New Keynesian (NK) model is that _________ A.nominal interest rate is determined by the central bank. B.nominal output price
The most fundamental assumption in the New Keynesian (NK) model is that _________
A.nominal interest rate is determined by the central bank.
B.nominal output price is sticky in the short run.
C.firms do not have market power in setting prices.
D.real GDP deviates from the efficient level.
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Business Mathematics In Canada
Authors: Ernest Jerome
7th edition
978-0071091411, 71091416, 978-0070009899
