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      Question

      If a country’s policy makers were to continuously use

      expansionary monetary policy in an attempt to hold unemployment below the natural rate the long-run result would be?
      A An increase in the level of output Correct Answer Incorrect Answer
      B A decrease in the unemployment rate Correct Answer Incorrect Answer
      C An increase in the rate of inflation Correct Answer Incorrect Answer
      D All of these Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      If a country’s policy makers were to continuously use expansionary monetary policy in an attempt to hold unemployment below the natural rate the long-run result would be An increase in the rate of inflation

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