PhillipsCurveQuestions

Onarymonetarypolicywhatwill

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Unformatted text preview:   C.
real
GDP
and
the
price
level
that
arise
in
the
 short
run
as
short‐run
aggregate
supply
shiAs
the
 economy
along
the
aggregate
demand
curve.
 –  D.
None
of
the
above
is
correct.
 Problem
1.1
 •  Suppose
that
the
Fed
unexpectedly
pursues
 contrac.onary
monetary
policy.
What
will
 happen
to
unemployment
in
the
short
run?
 What
will
happen
to
unemployment
in
the
 long...
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This note was uploaded on 02/05/2014 for the course ECON 100 taught by Professor Vrooman during the Spring '07 term at Vanderbilt.

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