Suppose oil prices rise. The Reserve Bank can ________ the quantity of money to ________ the unemployment rate back to its natural rate.
A) decrease; lower
B) decrease; raise
C) increase; lower
D) increase; raise
Correct Answer:
Verified
Q86: Along the long- run Phillips curve,
A)actual inflation
Q87: Suppose the growth rate of the quantity
Q89: Cost- push inflation can start with
A)an increase
Q90: Q92: In the real business cycle theory, a Q93: In a demand- pull inflation, money wage Q94: In the Keynesian business cycle theory, business Q95: A one- time rise in the price Q96: A demand-pull inflation consists of _ shifts Q169: ![]()
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