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In the Long Run, How Does an Increase in the Rate

Question 98

Multiple Choice

In the long run, how does an increase in the rate of growth of the money supply shift the Phillips curves?


A) It shifts both the short-run and long-run Phillips curves to the right.
B) It shifts both the short-run and long-run Phillips curves to the left.
C) It shifts only the short-run Phillips curve to the right.
D) It shifts only the short-run Phillips curve to the left.

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