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If the long-run Phillips curve shifts to the right, then for any given rate of money growth and inflation the economy has A. higher unemployment
If the long-run Phillips curve shifts to the right, then for any given rate of money growth and inflation the economy has
- A. higher unemployment and lower output.
- B. higher unemployment and higher output.
- C. lower unemployment and lower output.
- D. lower unemployment and higher output.
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Managerial Economics A Problem Solving Approach
Authors: Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
4th edition
1305259335, 978-1305259331
