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When supply shifts cause a downturn in the economy:

a. monetary policy is more likely to restore the economy to its pre-recession conditions.

b. inflation is not a concern.

c. the natural rate of unemployment decreases.

d. monetary policy can have no effect on the economy even in the short run.

e. monetary policy is much less likely to restore the economy to its pre-recession conditions.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91868003

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