Multiple Choice
Contractionary monetary policy
A) leads to disinflation and makes the short-run Phillips curve shift right.
B) leads to disinflation and makes the short-run Phillips curve shift left.
C) does not lead to disinflation but makes the short-run Phillips curve shift right.
D) does not lead to disinflation but makes the short-run Phillips curve shift left.
Correct Answer:
Verified
Correct Answer:
Verified
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