Under what circumstances will demand shocks affect real GDP if expectations are rational?

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Macroeconomics

ISBN: 9780132109994

1st Edition

Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty

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Question Posted: Feb 04, 2016 06:56 AM

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Under what circumstances will demand shocks affect real GDP if expectations are rational?

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To the extent that individuals and firms do ...View the full answer

Macroeconomics

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