Everything else held constant, a monetary contraction is characterized by ________ output and ________ interest rates

By spreading her investments out over many different assets, an investor achieves

A) a higher expected return. B) increased risk. C) diversification. D) greater liquidity.

In the long run, an increase in the money supply growth rate

a. increases inflation and shifts the short-run Phillips curve right. b. increases inflation and shifts the short-run Phillips curve left. c. decreases inflation and shifts the short-run Philips curve right. d. decreases inflation and shifts the short-run Phillips curve left.