In friedman''s interpretation of the philips curve

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Reference no: EM131033007

In friedman's interpretation of the philips curve, an expansionary monetary:

1.increase both inflation and nominal output in the short run and long

2. decrease real interest rates in the short run but not in the long run

3.lower the natural rate of unemployment in the short run but not in the long run

4.increase real output in the long run

5. none of the above

Reference no: EM131033007

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