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Suppose that the money supply increases. According to the Phillips curve model, what are the effects of this policy change? Select one: It decreases inflation

Suppose that the money supply increases. According to the Phillips curve model, what are the effects of this policy change?

Select one:

It decreases inflation in the short run.

It decreases inflation in the long run.

It decreases unemployment in the long run.

It decreases unemployment in the short run.

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