(d) (2 points) Negative nominal interest rates can be used to A. shift the LM curve up and increase output. B. shift the LM down and increase output. C. shift the LM curve up and decrease output. D. shift the LM curve down and decrease output. (e) (2 points) Which of the following statements is correct? A. While the inside lag is relative long for monetary policy, it is relatively short for fiscal policy. B. While the inside lag is relative short for monetary policy, it is relatively long for fiscal policy. C. Both, fiscal and monetary policy have a relatively short inside lag. D. Both, fiscal and monetary policy have a relative long inside lag. (f) (2 points) Consider the IS-LM-PC and the labor market models. (Remember what version of the Phillips curve we used in the IS-LM-PC!) A decrease in unemployment benefits would A. shift the wage setting relation down and the Phillips curve to the right. B. shift the wage setting relation up and the Phillips curve to the right. C. shift the wage setting relation down and the Phillips curve to the left. D. shift the wage setting relation up and the Phillips curve to the left