Which of the following is NOT an example of a transfer payment?

An increase in the money supply would cause the FE line to

A) shift to the right. B) shift to the left. C) remain unchanged. D) remain unchanged if Ricardian equivalence holds; otherwise, shift to the right.

In the short run, an increase in the money stock growth rate

a. moves the economy up the short-run Phillips curve. b. moves the economy down the short-run Phillips curve. c. shifts the short-run Phillips curve to the right. d. results in a decline in the natural rate of unemployment and a rise in the inflation rate. e. both b and d are correct.