Longer term contracts between firms and suppliers would tend to make EMP less effective.
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Q9: In the new classical framework, inflation can
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Q11: The short-run effect of unanticipated policy changes
Q12: In the new classical framework, fiscal policy
Q13: New Keynesians believe that anticipated policies have
Q15: Unlike new Keynesian models, new classical models
Q16: In the new Keynesian model, a credible
Q17: Credibility of the monetary policymaker is important
Q18: If expectations are rational, the credibility of
Q19: New Keynesian economists believe that EMP cannot
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