Increases the money supply growth rate

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Reference no: EM13819096

For a given level of inflation expectations, if the central bank increases the money supply growth rate, then in the short run

a. the economy moves up along the short-run Phillips curve.

b. the Phillips curve shifts right.

c. the economy moves down along the short-run Phillips curve.

d. the Phillips curve shifts left.

Reference no: EM13819096

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