In the New Keynesian model, does a liquidity trap imply that no economic policy can close a

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In the New Keynesian model, does a liquidity trap imply that no economic policy can close a positive output gap?

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Macroeconomics

ISBN: 978-0134472119

6th Edition

Authors: Stephen D. Williamson

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Question Posted: Feb 21, 2020 12:29 PM

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In the New Keynesian model, does a liquidity trap imply that no economic policy can close a

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A liquidity trap is a situation described in Keynesian economi...View the full answer

Macroeconomics

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