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Which statement below regarding monetary and fiscal policy is FALSE? If AD increases too much, prices will increase and AD will return to equilibrium. The
Which statement below regarding monetary and fiscal policy is FALSE?
- If AD increases too much, prices will increase and AD will return to equilibrium.
- The situation where unemployment is high and inflation is high is stagflation.
- Expansionary policy causes AD to shift to the left.
- The inverse relationship between inflation and unemploymentis known as the Phillips Curve.
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Economics Today The Macro View
Authors: Roger LeRoy Miller
19th Edition
0134478762, 978-0134478760
