In a New Keynesian Model

question 3

Multiple Choice

In a new Keynesian model:

• A)money is countercyclical and money is weakly countercyclical in the data.
• B)the price level is countercyclical and the price level is countercyclical in the data.
• C)the average product of labour is procyclical while the average product of labour is countercyclical in the data.
• D)all of the above.

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