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Suppose the Central Bank Pursues an Unexpectedly Tight Monetary Policy

Question 163

Multiple Choice

Suppose the central bank pursues an unexpectedly tight monetary policy. In the short-run the effects of this are shown by


A) moving to the left along the short-run Phillips curve.
B) moving to the right along the short-run Phillips curve.
C) shifting the short-run Phillips curve to the right.
D) shifting the short-run Phillips curve to the left.

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