Suppose that there are shocks total factor productivity which cause aggregate output to fluctuate. What does this

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Suppose that there are shocks total factor productivity which cause aggregate output to fluctuate. What does this imply for the Friedman rule, that is, how should the central bank conduct monetary policy optimally? Discuss.

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Macroeconomics

ISBN: 978-0132991339

5th edition

Authors: Stephen d. Williamson

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Question Posted: Dec 05, 2014 10:00 AM

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Suppose that there are shocks total factor productivity which cause aggregate output to fluctuate. What does this

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From Chapter we know that in the real business cycle model fluctuations in TFP cause output and the ...View the full answer

Macroeconomics

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