Kmthom37 Kmthom37

14-12-2022
Mathematics

Answered

If it were the case that an increase in inflation permanently reduced unemployment, then that would mean

a. money would not be neutral and the long-run Phillips curve would slope upward.
b. money would not be neutral and the long-run Phillips curve would slope downward.
c. money would be neutral and the long-run Phillips curve would slope upward.
d. money would be neutral and the long-run Phillips curve would slope downward.

Answer :

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