Multiple Choice
In the long run, a decrease in the money supply growth rate
A) increases inflation and shifts the short-run Phillips curve right.
B) increases inflation and shifts the short-run Phillips curve left.
C) decreases inflation and shifts the short-run Philips curve right.
D) decreases inflation and shifts the short-run Phillips curve left.
Correct Answer:
Verified
Correct Answer:
Verified
Q23: A politician blames the Federal Reserve for
Q24: Just as the aggregate-supply curve slopes upward
Q25: If expected inflation rises but actual inflation
Q26: An increase in the inflation rate permanently
Q27: If policymakers increase aggregate demand, then in
Q29: If expected inflation decreases does the short-run
Q30: The short-run Phillips curve indicates that expansionary
Q31: What does the natural-rate hypothesis claim?
Q32: If the central bank keeps the money
Q33: As the aggregate demand curve shifts to