Multiple Choice
In the short run,an increase in the money stock growth rate
A) moves the economy up the short-run Phillips curve.
B) moves the economy down the short-run Phillips curve.
C) shifts the short-run Phillips curve to the right.
D) results in a decline in the natural rate of unemployment and a rise in the inflation rate.
E) both b and d are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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