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Title: In the money surprise model, labour supply responds to changes in the money supply because
Post by: ap345 on Jan 2, 2020
In the money surprise model, labour supply responds to changes in the money supply because
◦ money is superneutral.
◦ workers cannot distinguish changes in M from changes in z.
◦ workers cannot distinguish changes in M from changes in w.
◦ of sticky prices.
◦ money is neutral.
Title: In the money surprise model, labour supply responds to changes in the money supply because
Post by: meltdown117 on Jan 2, 2020
workers cannot distinguish changes in M from changes in z.