In the long run, an increase in the money supply growth rate
a. shifts both the long-run and the short-run Phillips curves right.
b. shifts the long-run Phillips curve left and the short-run Phillips curve right.
c. shifts the long-run Phillips curve right and the short-run Phillips curve left.
d. None of the above is correct.
d
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If the yen price of dollars falls, then the dollar price of yen rises
a. True b. False Indicate whether the statement is true or false
Economic rent is generally associated with
A. high wages. B. low wages. C. both high and low wages. D. neither high nor low wages.
Central banks are responsible for:
A. monetary policy but not fiscal policy. B. both monetary policy and fiscal policy. C. fiscal policy but not monetary policy. D. neither monetary policy nor fiscal policy.
The MRP is
A) the supply curve of labor for an individual firm. B) the demand curve for labor for an individual firm. C) the demand curve for labor for the entire market. D) the supply curve of labor for the entire market.