Which markets clear in the new keynesian model, Macroeconomics

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Which markets clear in the new keynesian model

Problem

1. Are Keynesian business cycle models still used? If so, what for?

2. What is the key difference between the New Keynesian model and the models studied in Chapter 12?

3. Which markets clear in the New Keynesian model, and which do not?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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