Multiple Choice
If an increase in inflation permanently reduced unemployment, then
A) money would not be neutral and the long-run Phillips curve would slope upward.
B) money would not be neutral and the long-run Phillips curve would slope downward.
C) money would be neutral and the long-run Phillips curve would slope upward.
D) money would be neutral and the long-run Phillips curve would slope downward.
Correct Answer:
Verified
Correct Answer:
Verified
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