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Miguel9717 Miguel9717
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5 years ago
If the Federal Reserve chooses to fight high inflation with contractionary monetary policy and firms and consumers expect this policy to reduce inflation, which of the following would you expect to see?
A) a downward shift of the short-run Phillips curve
B) a reduction in the unemployment rate
C) a decrease in the long-run aggregate supply curve
D) an increase in inflationarAnswer: ations
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InMacro

InMacro


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5 years ago
ations
Answer: A
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