Answered: In long run macroeconomic models the…

In long run macroeconomic models the effects of exogenous shocks, price rigidities and expectational errors are fundamental ingredients. True or False

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter15: Macroeconomic Viewpoints: New Keynesian, Monetarist, And New Classical

Section: Chapter Questions

Problem 7E

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Question

In long run macroeconomic models the effects of exogenous shocks, price rigidities and expectational errors are fundamental ingredients. True or False

Branch of economics that analyzes the behavior and performance of an economy as a whole. It focuses on the study of aggregates and evaluates changes related to unemployment, gross domestic product, inflation, monetary and fiscal policies of the government.

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