In the new Keynesian model, the effects on output of an anticipated ag
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
ANSWER
A
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