In the long run, inflation results from increases in a nation's ...

[Alainaaa8]

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

[karlss]

Answer to Question 1

True

Answer to Question 2

False

[Alainaaa8]

Excellent

[xthemafja]

TYSM