Assuming the long-run Phillips curve is vertical, a consistent increase in money supply over a period of years will _________________ the unemployment rate and will _________________ the inflation rate? a) decrease; increase b) increase; decrease c) increase; have no effect on d) decrease; decrease e) have no effect on; increase

Assuming the long-run Phillips curve is vertical, a consistent increase in money supply over a period of years will _ the unemployment rate and will _ the inflation rate? a) decrease; increase b) increase; decrease c) increase; have no effect on d) decrease; decrease e) have no effect on; increase

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter17: The Philips Curve And Expetactions Theory

Section: Chapter Questions

Problem 5SQ

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