Country A's Long-Run Phillips Curve Is Farther to the Right

question 231

Multiple Choice

Country A's long-run Phillips curve is farther to the right than country B's. Country A and country B are identical in all other ways. In particular, they have the same money supply growth rates. In the long run as compared to country B country A will have

• A)higher unemployment and higher inflation.
• B)higher unemployment and the same rate of inflation.
• C)lower unemployment and higher inflation.
• D)None of the above is correct.

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