Discuss mankiws menu-cost model of aggregate supply, Macroeconomics

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Discuss mankiws menu-cost model of aggregate supply

Problem

What are the similarities and differences between Mankiw's menu-cost model of aggregate supply and Lucas's imperfect-information one? Classify each as New Keynesian or New Classical.

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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Macroeconomics: Discuss mankiws menu-cost model of aggregate supply

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Macroeconomics: Discuss mankiws menu-cost model of aggregate supply

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