Due to a "baby bust" in the 1960s and 1970s, fewer people entered the labor market in the 1980s and 1990s.This demographic event ________ the natural unemployment rate thereby shifting the short-run Phillips curve ________ and shifting the the long-run Phillips curve ________.
A) increased; rightward; rightward
B) decreased; leftward; leftward
C) increased; rightward; leftward
D) increased; leftward; rightward
E) decreased; rightward; rightward
Correct Answer:
Verified
Q98: The short-run Phillips curve is downward sloping
Q100: Q100: Q101: An increase in the expected inflation rate Q102: Which of the following decreases the natural Q104: The short-run Phillips curve shifts when Q105: The short run Phillips curve Q106: Suppose an economy experiences a permanent increase Q107: The natural rate hypothesis concludes that when Q108: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)
A) the
A) shows the
