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Author Question: Monetary policy can A) shift the short-run trade-off between inflation and unemployment if it ... (Read 34 times)

Deast7027

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on: Jun 29, 2018
Monetary policy can
 
  A) shift the short-run trade-off between inflation and unemployment if it affects expected inflation.
  B) shift the long-run trade-off between inflation and unemployment through changes in cyclical unemployment.
  C) shift both the short-run and long-run trade-offs between inflation and unemployment if changes in policy are credible.
  D) shift neither the short-run nor long-run Phillips curve trade-offs between inflation and unemployment.

Question 2

If inflation is unanticipated, no redistribution of income can occur.
 
  Indicate whether the statement is true or false


amit

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

FALSE


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