What Impact Does Monetary Policy Have on the Long-Run Phillips

question 161

Multiple Choice

What impact does monetary policy have on the long-run Phillips curve?

• A)Monetary policy can only shift the long-run Phillips curve to the left.
• B)Monetary policy shifts the long-run Phillips curve to the right or left, depending on whether monetary policy is expansionary or contractionary.
• C)Monetary policy can only shift the long-run Phillips curve to the right.
• D)Monetary policy has no impact on the long-run Phillips curve.
• E)Active monetary policy will make the long-run Phillips curve flatter.

---

Definitions:

Physical Disabilities

Conditions that limit a person's physical capacity, ranging from mobility issues to dexterity or sensory impairments.

Emergency Situations

Circumstances that pose an immediate risk to health, life, property, or environment, requiring urgent intervention to prevent worsening of the situation.

Comparative Negligence

A legal doctrine that allocates damages based on the proportion of fault attributable to each party involved in an accident or injury.

Contributory Negligence

A defense in tort law that reduces the plaintiff's entitlement to damages if it can be proven that their own negligence contributed to the harm suffered.