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valputin valputin
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8 years ago
When the economy is hit by a temporary negative supply shock and the central bank does not respond by changing the autonomous component of monetary policy, then in the long run
A) output will be lower.
B) output will be at its potential.
C) inflation will be lower.
D) inflation will be unchanged.
E) both B and D.
Textbook 
The Economics of Money, Banking and Financial Markets, Business School Edition

The Economics of Money, Banking and Financial Markets, Business School Edition


Edition: 4th
Author:
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Our course uses > The Economics of Money, Banking and Financial Markets
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MeelaMeela
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8 years ago
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valputin Author
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#2
8 years ago
Thank you
Our course uses > The Economics of Money, Banking and Financial Markets
wrote...
#3
8 years ago
@valputin,

Happy to help Slight Smile
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