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21 Oct 2020

If the Phillips Curve is vertical in the long run, then an increase in the money supply from year to year will _______ the unemployment rate and will _________inflation rate.

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Vaishali Yadav
Vaishali YadavLv10
21 Oct 2020

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Related questions

A policy change that changes the natural rate of unemployment changes:

a. both the long-run Phillips curve and the long-run aggregate supply curve.

b. the long-run aggregate supply curve, but not the long-run Phillips curve.

c. the long-run Phillips curve, but not the long-run aggregate supply curve.

d. neither the long-run Phillips curve nor the long-run aggregate supply curve.

A policy change that changes the natural rate of unemployment changes:

a. neither the long-run Phillips curve nor the long-run aggregate supply curve.

b. both the long-run Phillips curve and the long-run aggregate supply curve.

c. the long-run Phillips curve, but not the long-run aggregate supply curve.

d. the long-run aggregate supply curve, but not the long-run Phillips curve.

The long-run Phillips curve is:

A. the same as the short-run Phillips curve.

B. negatively sloped, showing an inverse relationship between unemployment and inflation.

C. unrelated to the NAIRU.

D. vertical at the nonaccelerating inflation rate of unemployment (NAIRU).

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