Question: Part 1 1 : In Panel 2 , points d , f , and h reflect: short - term non - neutrality of money.the inflation
Part : In Panel points d f and h reflect: shortterm nonneutrality of money.the inflation tax.longterm neutrality of money.Keynesian underemployment equilibrium.Classical dichotomy.
Part : In Panel points d f and h reflect: menu costs.effect of high production costs from negative supply shocks.effect of imperfect information in Classical Aggregate Supply theory.Negative Aggregate Demand shock.effect of perfect competition in product and labour markets.
Part : In Panel points a c e g and k represent: the longrun Monetary Neutrality curve.the longrun inflationunemployment relationship.the longrun KeynesianClassical Inflation curve.the shortrun inflationunemployment relationship.the longrun inflation curve.the longrun inflationunemployment relationship.
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