Multiple Choice
Which of the following models imply that a decrease in the money supply reduces unemployment temporarily but not permanently?
A) both the long-run Phillips curve and the aggregate supply and aggregate demand model.
B) the aggregate demand and aggregate supply model,but not the long-run Phillips curve.
C) the long-run Phillips curve,but not the aggregate demand and aggregate supply model.
D) neither the long-run Phillips curve nor the aggregate supply and aggregate demand model.
Correct Answer:
Verified
Correct Answer:
Verified
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