The amount of inflation caused by expansionary monetary policy depends on the slope of the aggregate supply curve.

The most direct effect of an increase in the growth rate of average labor productivity would be an increase in

A) the inflation rate. B) the unemployment rate. C) the long-run economic growth rate. D) imported goods.

The entire national debt is owed to U.S. citizens

a. True b. False Indicate whether the statement is true or false