Question: State whether the comments below are True, False, or Uncertain. Explain your reasoning. Consider the Kiyotaki-Wright model of monetary exchange studied in lectures. People's belief

State whether the comments below are True, False, or Uncertain. Explain your reasoning.

Consider the Kiyotaki-Wright model of monetary exchange studied in lectures. People's belief about the future plays an important role in determining equilibrium outcomes.

Is it true??

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