The monetarist theory of the business cycle views fluctuations in the growth rate of the quantity of money as the main source of economic fluctuations.
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Q381: For a persistent cost-push inflation to occur,
Q382: Increases in the quantity of money can
Q383: The early 1990s were the last period
Q384: An increase in the expected inflation rate
Q385: Increases in government expenditure can create cost-push
Q387: The short-run Phillips curve is vertical at
Q388: An increase in the natural unemployment rate
Q389: For a persistent demand-pull inflation to occur,
Q390: The new classical cycle theory views anticipated
Q391: The long-run Phillips curve is vertical at
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