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QUESTION
1.In the long run, what are the effects of a decrease in the rate of growth of the money supply?
1.In the long run, what are the effects of a decrease in the rate of growth of the money supply?
a. It will increase inflation and shift the short-run Phillips curve right. b. It will increase inflation and shift the short-run Phillips curve left. c. It will decrease inflation and shift the short-run Philips curve right.
d. It will decrease inflation and shift the short-run Phillips curve left.
