Multiple Choice
In the Keynesian view,
A) the short-run Phillips curve is unstable and money demand is stable
B) The short-run Phillips curve is vertical but the long-run Phillips curve is downward sloping.
C) the short-run Phillips curve is unstable and money demand is stable.
D) both the short-run and long-run Phillips curves are vertical.
E) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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