Multiple Choice
Which of the following is not correct?
A) In the short run,policymakers face a tradeoff between inflation and unemployment.
B) Events that shift the long-run Phillips curve right shift the long-run aggregate supply curve left.
C) Unemployment can be changed only by the use of government policy.
D) The decrease in output associated with reducing inflation is less if the policy change is announced ahead of time and is credible.
Correct Answer:
Verified
Correct Answer:
Verified
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