According to the Keynesian Model,a Decline in the Expected Price

question 39

Multiple Choice

According to the Keynesian model,a decline in the expected price level

• A)will increase the inflation rate a central bank must generate to achieve a target level of unemployment.
• B)will decrease the inflation rate a central bank must generate to achieve a target level of unemployment.
• C)will not affect the inflation rate a central bank must generate to achieve a target level of unemployment.
• D)will not impact the effectiveness of monetary policy.

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