Both Classicals and Keynesians Agree That Policymakers

question 21

Multiple Choice

Both classicals and Keynesians agree that policymakers

• A)can exploit the Phillips curve in the short run.
• B)cannot exploit the Phillips curve in the short run.
• C)can keep the unemployment rate permanently below the natural rate by permanently running a high rate of inflation.
• D)cannot keep the unemployment rate permanently below the natural rate by permanently running a high rate of inflation.

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