Other things the same, if the central bank decreases the rate at which it increases the money supply, then in the long run
a. the short-run Phillips curve shifts right.
b. the short-run Phillips curve shifts left.
c. the long-run Phillips curve shifts right.
d. the long-run Phillips curve shifts left.
b
Economics
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Most economists attribute the growing income inequality in the United States to
A) trade. B) macroeconomic policies. C) technological change. D) changing values. E) taxes.
Economics
Refer to Figure 6.1. At point C
A) the marginal product of labor is greater than the average product of labor. B) the average product of labor is greater than the marginal product of labor. C) the marginal product of labor and the average product of labor are equal. D) the marginal product of labor and the average product of labor are both increasing. E) Both B and D are correct.
Economics