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    Macroeconomics
  4. Exam
    Exam 12: The Phillips Curve, Expectations, and Monetary Policy
  5. Question
    The Position of the Monetary Policy Reaction Function Depends on
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The Position of the Monetary Policy Reaction Function Depends on

Question 7

Question 7

Multiple Choice

The position of the monetary policy reaction function depends on


A) the natural rate of unemployment.
B) the natural rate of inflation.
C) the natural level of the interest rate.
D) the central bank's target value for inflation.

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