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If there is a large and sudden but temporary increase in the price of oil, which way does the short-run Phillips curve shift? If the central bank does not respond what happens to inflation and the unemployment rate in the long run?
Q7: Allowing checking deposits to earn interest should
Q10: Briefly state the three key facts about
Q26: The squared deviation of unemployment from the
Q42: Which of the following are vertical?<br>A)Both the
Q43: Suppose that in 2018 and 2019, households
Q76: The main criticism of those who doubt
Q88: Explain the time inconsistency of monetary policy.
Q98: Suppose that the government spends more on
Q152: During periods of stagflation, what happens to
Q155: The recession of 2008-2009 was associated with