In the long run, a decrease in the money supply growth rate
a. increases inflation and shifts the short-run Phillips curve right.
b. increases inflation and shifts the short-run Phillips curve left.
c. decreases inflation and shifts the short-run Philips curve right.
d. decreases inflation and shifts the short-run Phillips curve left.
d
Economics
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The five most important variables that determine the level of ________ are disposable income, wealth, expected future income, price level, and interest rate
A) consumption B) government purchases C) net exports D) planned investment
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Spot checks work because of:
A. a promise of performance-based pay. B. a potential penalty for shirking. C. the promise of a reward. D. monitoring on a regular basis.
Economics