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09-06-2024
Business

Answered

The price misperceptions model predicts:

A. the price level will be procyclical while in the US data the price level is countercyclical
B. the nominal quantity of money is procyclical and in the US data money is weakly procyclical
C. the real wage is countercyclical while in the US data the real wage is procyclical
D. all of the above

Answer :

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