Author Question: Monetary policy can A) shift the short-run trade-off between inflation and unemployment if it ... (Read 92 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?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

For a complete list of videos, visit our video library