In the long run a reduction in the money supply growth rate affects
a. the inflation rate and the natural rate of unemployment.
b. the inflation rate but not the natural rate of unemployment.
c. neither the inflation rate nor the natural rate of unemployment.
d. the natural rate of unemployment, but not the inflation rate.
b
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A graph shows the wages of factory workers. The slope of the line is positive for periods when the wage rate is
A) falling. B) rising. C) high but not rising any higher. D) low.
The process through which an economy's production possibilities curve shifts outward is:
a. full-employment management. b. investment. c. resource renewal. d. out-resourcing.
An unanticipated decline in the demand for legal services will
a. increase both the wages of lawyers and the rate of return they can expect to derive from their legal education. b. lead to a shortage in the market for legal services. c. reduce the wages of lawyers but not the quantity of legal services supplied. d. reduce the wages of lawyers and the rate of return on a legal education..
Which of the following is not a way for IACs to help LDCs achieve economic growth?
A. private investment B. aid C. loans D. intervention in politics