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A question about macroeconomic analysis

 
 
docjt
 
Reply Tue 22 Jan, 2019 01:19 pm
As part of my revision, I've seen this past paper question and wonder if anyone could help me answer it:

"Is it true that, under rational expectations, monetary policy reactions to economic conditions are unable to affect the path of output? Explain your answer."

Thanks for any help,
John
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