What impact does monetary policy have on the long-run Phillips curve?
A) Monetary policy shifts the long-run Phillips curve to the right or left, depending on whether monetary policy is expansionary or contractionary.
B) Monetary policy can only shift the long-run Phillips curve to the right.
C) Monetary policy can only shift the long-run Phillips curve to the left.
D) Monetary policy has no impact on the long-run Phillips curve.
D
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Absolute property rights exist when one individual or entity has complete control over a resource, including the right to transfer that resource to someone else
Indicate whether the statement is true or false
If the number of people unemployed is 100, the number of people employed is 1000, and the working-age population is 1400, then the unemployment rate is
A) 6.6 percent. B) 10 percent. C) 9.1 percent. D) 7.1 percent.