Author Question: In the long run, inflation results from increases in a nation's money supply that exceed increases ... (Read 27 times)

Alainaaa8 · **on:** Jun 30, 2018

In the long run, inflation results from increases in a nation's money supply that exceed increases in its output of goods and services.
a. True
b. False
Indicate whether the statement is true or false

Question 2

According to the new classical school, if macroeconomic policy is perfectly predictable, then the aggregate supply curve and the Phillips curve must be vertical in both the short run and the long run.
a. True
b. False
Indicate whether the statement is true or false