Multiple Choice
If the government reduced the minimum wage and pursued expansionary monetary policy,then in the long run
A) both the unemployment rate and the inflation rate would be higher.
B) both the unemployment rate and the inflation rate would be lower.
C) the unemployment rate would be higher and the inflation rate would be lower.
D) the unemployment rate would be lower and the inflation rate would be higher.
Correct Answer:
Verified
Correct Answer:
Verified
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