Multiple Choice
According to the long-run Phillips curve,in the long run monetary policy influences
A) inflation but not the unemployment rate;this is consistent with classical theory.
B) inflation but not the unemployment rate;this is inconsistent with classical theory.
C) the unemployment rate but not inflation;this is consistent with classical theory.
D) the unemployment rate but not inflation;this is inconsistent with classical theory.
Correct Answer:
Verified
Correct Answer:
Verified
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