Author Question: Monetary policy can A) shift the short-run trade-off between inflation and unemployment if it ... (Read 84 times)

Deast7027

  • Hero Member
  • *****
  • Posts: 538
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

  • Sr. Member
  • ****
  • Posts: 364
Answer to Question 1

A

Answer to Question 2

FALSE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

For a complete list of videos, visit our video library