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