Multiple Choice
In the long run, how does an increase in the rate of growth of the money supply shift the Phillips curves?
A) It shifts both the short-run and long-run Phillips curves to the right.
B) It shifts both the short-run and long-run Phillips curves to the left.
C) It shifts only the short-run Phillips curve to the right.
D) It shifts only the short-run Phillips curve to the left.
Correct Answer:
Verified
Correct Answer:
Verified
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