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

question 80

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.

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