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If inflation were high in some country and lawmakers in that country passed a law requiring the central bank to maintain a low level of

If inflation were high in some country and lawmakers in that country passed a law requiring the central bank to maintain a low level of inflation, it is likely that

a.

the short-run Phillips curve would shift right and the cost of disinflation would rise.

b.

the short-run Phillips curve would shift right and the cost of disinflation would fall.

c.

the short-run Phillips curve would shift left and the cost of disinflation would rise.

d.

the short-run Phillips curve would shift left and the cost of disinflation would fall.

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