In the long run, the Fed can change the inflation rate but not the unemployment rate

a. True
b. False

A

Economics

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An asset becomes more liquid and hence more money-like

A) as its value relative to other goods approaches zero. B) as its value relative to other goods becomes more uncertain and unpredictable. C) as the cost of exchanging it for other goods approaches zero. D) when it is demanded for its own intrinsic value.

Economics

Explain the reasons why the AD curve slopes downward

What will be an ideal response?

Economics