Suppose the Central Bank Pursues an Unexpectedly Tight Monetary Policy

question 126

Multiple Choice

Suppose the central bank pursues an unexpectedly tight monetary policy. In the short-run the effects of this are shown by

• A)moving to the left along the short-run Phillips curve.
• B)moving to the right along the short-run Phillips curve.
• C)shifting the short-run Phillips curve to the right.
• D)shifting the short-run Phillips curve to the left.

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