The Analysis That Monetary Policy Is Effective in the Short-Run

question 21

Multiple Choice

The analysis that monetary policy is effective in the short-run but not in the long-run can be presented by which of the following statement?

• A)The short-run AS curve is flat,but the long-run AS is vertical.
• B)The short-run AS curve is positively sloped,but the long-run AS is flat.
• C)The short-run and the long-run AS are both positively sloped.
• D)The short-run AS curve is positively sloped,but the long-run AS is vertical.

---

Definitions:

Pro Bono

Professional work undertaken voluntarily and without payment as a public service, especially in legal contexts.

Edward Bernays

Known as the father of public relations, he was an influential figure in the early 20th century who applied psychological principles to advertising and public relations.

PR Campaign

A strategic communication effort designed to influence public perception and behavior, often involving media outreach, events, and messaging to achieve specific organizational goals.

Measurable Objectives

Clearly defined goals that can be quantified and tracked, allowing organizations or individuals to assess progress towards achieving these targets.