In the new Keynesian model, the ultimate effect on inflation of an ant
In the new Keynesian model, the ultimate effect on inflation of an anticipated aggregate demand shock is ________.
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 had never occurred
D) independent of whether or not that event is anticipated or unanticipated
ANSWER
D
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