In a New Keynesian Model a Temporary Increase in Output

question 49

Multiple Choice

In a new Keynesian model a temporary increase in output could be cause by:

• A)a positive monetary surprise.
• B)households becoming exogenously less thrifty.
• C)a negative shock to government purchases.
• D)all of the above.

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Definitions:

Tolman And Honzik

Scientists known for their research in cognitive maps and latent learning, demonstrating that rats could learn the layout of a maze without rewards.

Place Cells

Neurons in the hippocampus that respond when an animal or person enters a specific location in its physical environment.

Environment Knowledge

Information and understanding about one's surrounding area and the spatial relationships of locations in that environment.

Cognition

An understanding or knowledge of the structure of the psychological environment.