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
Ivory trade in East Africa during the 1880s and 1890s
The Doppler Shift
How to create a price index to calculate inflation for a basket of goods
The environmental policy changes over time
Ecosystem goods and services and monetary values
Flexible exchange rates are supposed to prevent long-term trade deficits.