How would your prediction differ in problem 11 if the new Keynesian model provides a more realistic

Question:

How would your prediction differ in problem 11 if the new Keynesian model provides a more realistic description of the economy? What if the traditional model provides the most realistic description of the economy?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: