There is no long-run trade-off between inflation and output because: Group of answer choices monetary policy makers will have adequately controlled unexpected inflation in the long run. fiscal policy makers will have adequately controlled unexpected inflation in the long run. in the short run, output and unemployment are not related. allowing inflation doesn't lead to sustainably higher output
There is no long-run trade-off between inflation and output because: Group of answer choices monetary policy makers will have adequately controlled unexpected inflation in the long run. fiscal policy makers will have adequately controlled unexpected inflation in the long run. in the short run, output and unemployment are not related. allowing inflation doesn't lead to sustainably higher output
Chapter14: Macroeconomic Policy: Tradeoffs, Expectations, Credibility, And Sources Of Business Cycles
Section: Chapter Questions
Problem 19E
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There is no long-run trade-off between inflation and output because:
Group of answer choices
monetary policy makers will have adequately controlled unexpected inflation in the long run.
fiscal policy makers will have adequately controlled unexpected inflation in the long run.
in the short run, output and unemployment are not related.
allowing inflation doesn't lead to sustainably higher output.
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