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Business, 09.07.2019 05:30 amandasantiago2001

Monetary policy in flosserland in flosserland, the department of finance is responsible for monetary policy. flosserland has had an inflation rate of 25% for many years. refer to monetary policy in flosserland. suppose flosserland has had the same inflation rate for a long time. which, if either, of the following ideas imply that the unemployment rate in flosserland would be above the natural rate. a. the classical dichotomy, but not the long run phillips curve b. the long-run phillips curve, but not the classical dichotomy c. both the classical dichotomy and the long-run phillips curve d. neither the long-run phillips curve nor the classical dichotomy

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