MCQOPTIONS
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| 1. |
If a country’s policy makers were to continuously use expansionary monetary policy in an attempt to hold unemployment below the natural rate the long-run result would be ? |
| A. | an increase in the level of output |
| B. | a decrease in the unemployment rate |
| C. | an increase in the rate of inflation |
| D. | All of these answers |
| Answer» D. All of these answers | |