In the New Keynesian Model,the Effects on Output of an Anticipated

question 75

Multiple Choice

In the new Keynesian model,the effects on output of an anticipated aggregate demand shock are ________.

• A)less than if that event was unanticipated
• B)greater than if that event was unanticipated
• C)the same as would develop if that event was unanticipated
• D)independent of whether or not that event is anticipated or unanticipated

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Definitions:

Evolution

is the process by which different kinds of living organisms have developed and diversified from earlier forms during the history of the earth.

Ancient Species

A term usually referring to species that have existed on Earth for a very long time and may either be extinct or have modern descendants.

Laurasia

Laurasia refers to the northernmost of two supercontinents (the other being Gondwana) that formed part of the Pangaea supercontinent in late Paleozoic and early Mesozoic times.

Continental Structure

The geological configuration and constituents of continents, including the crust, mantle shelf areas, and tectonic activities.