Question: please answer the following question. For this question identify the statement as True, False, or Uncertain. In the 3-equation model, in the absence of a

please answer the following question. For this question identify the statement as True, False, or Uncertain.

In the 3-equation model, in the absence of a lagged effect of monetary policy on aggregate demand, both supply and demand shocks can be offset without any consequences for employment.

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