In the Friedman-Lucas money surprise model

A) If actual inflation is higher than anticipated inflation, then output must be above its trend value.
B) If actual inflation is higher than anticipated inflation, then output must be below its trend value.
C) money is neutral.
D) monetary policy does not work.

A

Economics

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Ceteris paribus, an increase in the number of sellers of running shoes causes equilibrium price to 

A. Decrease and equilibrium quantity to decrease. B. Increase and equilibrium quantity to increase. C. Decrease and equilibrium quantity to increase. D. Increase and equilibrium quantity to decrease.

Economics

If demand is elastic, then when price rises, total revenue will decrease.

Answer the following statement true (T) or false (F)

Economics