Contrary to expectations, the Fed contracts the money supply. The short-run effect of the unexpected policy...
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Contrary to expectations, the Fed contracts the money supply. The short-run effect of the unexpected policy is shown by moving to the left along the short-run Phillips curve. moving to the right along the short-run Phillips curve. O shifting the short-run Phillips curve to the right. O shifting the short-run Phillips curve to the left. Contrary to expectations, the Fed contracts the money supply. The short-run effect of the unexpected policy is shown by moving to the left along the short-run Phillips curve. moving to the right along the short-run Phillips curve. O shifting the short-run Phillips curve to the right. O shifting the short-run Phillips curve to the left.
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