Consider the following Phillips curve diagram: 
Suppose an expansionary monetary policy has moved the economy from point A to point B.Is point B a long-run equilibrium? If yes,explain why.If no,explain how the economy will get to new long-run equilibrium.
Definitions:
Ordering
The process of arranging or requesting items or services in a systematic manner, often used in inventory management or procurement.
Receiving
The process of accepting delivery of goods or services from a supplier or vendor.
Related Selling Activities
Marketing and sales actions directly associated with closing a sale, including advertising, promotions, and direct sales efforts.
Ordering Merchandise
The process of securing inventory for sale by placing orders with manufacturers or wholesalers.
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