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In the Stylized DSGE Model with Sticky Prices, We Can FFRADπ(WP)F F R \downarrow \rightarrow A D \uparrow \rightarrow \pi \uparrow \rightarrow \left( \frac { W } { P } \right) \uparrow

question 51

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In the stylized DSGE model with sticky prices, we can characterize contractionary monetary policy shock effect the labor market by FFRADπ(WP)F F R \downarrow \rightarrow A D \uparrow \rightarrow \pi \uparrow \rightarrow \left( \frac { W } { P } \right) \uparrow
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