In the long run,an increase in the money supply growth rate

Question

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According to the Phillips curve, there is an inverse relationship between inflation and unemployment in the short run. Therefore, an increase in the money supply growth rate implies an increase in aggregate demand and thus, an increase in the price level, which in turn raises expected inflation. As a result, the short-run Phillips curve shifts rightward, indicating a higher level of inflation at any given level of unemployment.

In the Long Run,an Increase in the Money Supply Growth