Autonomous monetary policy is more effective at changing output when is higher. Is this statement true,

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"Autonomous monetary policy is more effective at changing output when λ is higher." Is this statement true, false, or uncertain? Explain your answer.

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The Economics of Money Banking and Financial Markets

ISBN: 978-0133836790

11th edition

Authors: Frederic S. Mishkin

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Question Posted: Nov 03, 2017 04:06 AM

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Autonomous monetary policy is more effective at changing output when is higher. Is this statement true,

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False Since is independent of the autonomous component of ...View the full answer

The Economics of Money Banking and Financial Markets

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