The Long-Run Response to a Decrease in the Money Supply

question 53

Multiple Choice

The long-run response to a decrease in the money supply growth rate is shown by shifting

• A)the short-run and long-run Phillips curves left.
• B)the short-run and long-run Phillips curves right.
• C)only the short-run Phillips curve left.
• D)only the short-run Phillips curve right.

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