Contractionary monetary policy will result in
A) higher interest rates. B) increased rates of inflation.
C) a leftward shift in the long-run Phillips curve. D) an upward shift in the short-run Phillips curve.
A
Economics
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The largest expenditure component of U.S. GDP is:
A. consumption. B. investment. C. exports. D. government purchases.
Economics
If price increases and the quantity purchased increases, we know that
A. demand decreased. B. supply decreased. C. demand increased. D. supply increased.
Economics