According to the Long-Run Phillips Curve,in the Long Run Monetary

question 99

Multiple Choice

According to the long-run Phillips curve,in the long run monetary policy influences

• A)inflation but not the unemployment rate;this is consistent with classical theory.
• B)inflation but not the unemployment rate;this is inconsistent with classical theory.
• C)the unemployment rate but not inflation;this is consistent with classical theory.
• D)the unemployment rate but not inflation;this is inconsistent with classical theory.