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Author Question: An increase in the money stock has no effect on equilibrium income whenever the a. IS curve is ... (Read 11 times)

cmoore54

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on: Jun 30, 2018
An increase in the money stock has no effect on equilibrium income whenever the
 
  a. IS curve is horizontal.
  b. IS curve is vertical.
  c. LM curve is vertical.
  d. LM curve is horizontal.

Question 2

New Keynesian economics differs from real business cycle economics in that
 
  a. markets are perfectly competitive in new Keynesian models.
  b. business cycles are fluctuations in the natural rate of unemployment in new Keynesian models.
  c. wages and prices are perfectly flexible.
  d. agents maximize utility in the new Keynesian model.
  e. none of the above.


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abro1885

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

E


cmoore54

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Reply #2 on: Jun 30, 2018
Correct answers!


abro1885

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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