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    Principles of Macroeconomics Study Set 8
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    Exam 22: The Short Run Trade Off Between Inflation and Unemployment: Shifts in the Phillips Curve the Role of Expectations
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    One Way to Express the Classical Idea of Monetary Neutrality
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One Way to Express the Classical Idea of Monetary Neutrality

Question 125

Question 125

Multiple Choice

One way to express the classical idea of monetary neutrality is to draw


A) a downward-sloping short-run Phillips curve.
B) an upward-sloping short-run Phillips curve.
C) a downward-sloping long-run Phillips curve.
D) a vertical long-run Phillips curve.

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