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If
, and
, what would the simple monetary rule dictate the real interest rate be if
? If
? In each case, is the economy in an expansion, in a recession, or in the long run?
Q12: Consider Figure 14.3. If the economy begins
Q46: Which of the following is the Fisher
Q55: Which of the following is NOT an
Q57: The European debt crisis hit all of
Q59: In the Smets-Wouters DSGE model, consumption falls
Q70: Some economists, like Robert Barro and John
Q87: Taken together, the Phillips curve and Okun's
Q89: Which of the following is NOT an
Q98: According to the IMF, which of these
Q103: According to the Fisher equation, the nominal