In the new classical framework, anti-inflationary monetary policy could lead to an increase in output if the policy change was more aggressive than expected.
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Q1: During the Revolutionary War in the United
Q3: To fight inflation, central banks must hold
Q4: The inflationary effect of anticipated EMP is
Q5: Under rational expectations, shifts in AS take
Q6: Central bank independence is the only factor
Q7: Starting from the natural rate, if prices
Q8: If prices (and wages) are flexible and
Q9: In the new classical framework, inflation can
Q10: Compared to the standard IS-LM model, the
Q11: The short-run effect of unanticipated policy changes
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