Multiple Choice
In the long run, what are the effects of a decrease in the rate of growth of the money supply on the Phillips curves?
A) It shifts both the long-run and the short-run Phillips curves right.
B) It shifts the long-run Phillips curve left and the short-run Phillips curve right.
C) It shifts the long-run Phillips curve right and the short-run Phillips curve left.
D) It leaves the long-run Phillips curve unchanged and shifts the short-run Phillips curve left.
Correct Answer:
Verified
Correct Answer:
Verified
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