Multiple Choice
Monetary Policy in Flosserland
In Flosserland, the Department of Finance is responsible for monetary policy. Flosserland has had an inflation rate of 25% for many years.
-Refer to Monetary Policy in Flosserland.Suppose Flosserland has had the same inflation rate for a long time.Which,if either,of the following ideas imply that the unemployment rate in Flosserland would be above the natural rate.
A) both the Classical dichotomy and the long-run Phillips curve
B) the Classical dichotomy,but not the long run Phillips curve
C) the long-run Phillips curve,but not the Classical dichotomy
D) neither the long-run Phillips curve nor the Classical dichotomy
Correct Answer:
Verified
Correct Answer:
Verified
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