In General,the Faster Inflationary Expectations Adjust,the

question 1

Multiple Choice

In general,the faster inflationary expectations adjust,the:

• A)less macro policy can influence unemployment.
• B)better discretionary policy can be expected to work.
• C)slower the adjustment of the short-run Phillips curve.
• D)stronger the case for active policy.
• E)more effectively a policy can influence unemployment.

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