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Over the Long Run the Volcker Disinflation

Question 52

Multiple Choice

Over the long run the Volcker disinflation


A) shifted the short-run and long-run Phillips curves left.
B) shifted the short-run,but not the long-run Phillips curve left.
C) shifted the long-run,but not the short-run Phillips curve left.
D) None of the above is correct.

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