[Solved] What Impact Does Monetary Policy Have on the Long-Run Phillips

Question 95
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What impact does monetary policy have on the long-run Phillips curve?


A)Monetary policy can only shift the long-run Phillips curve to the left.
B)Monetary policy shifts the long-run Phillips curve to the right or left, depending on whether monetary policy is expansionary or contractionary.
C)Monetary policy can only shift the long-run Phillips curve to the right.
D)Monetary policy has no impact on the long-run Phillips curve.
E)Active monetary policy will make the long-run Phillips curve flatter.

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