If the Long-Run Phillips Curve Shifts to the Left,then for Any

question 10

Multiple Choice

If the long-run Phillips curve shifts to the left,then for any given rate of money growth and inflation the economy has

• A)higher unemployment and lower output.
• B)higher unemployment and higher output.
• C)lower unemployment and lower output.
• D)lower unemployment and higher output.

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Definitions:

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The use of components in sentences that are grammatically the same or similar in construction, sound, meaning, or meter.

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