A decrease in the natural unemployment rate shifts the long- run Phillips curve
The short- run Phillips curve.

Name: A decrease in the natural unemployment rate shifts the long- run Phillips curve The short- run Phillips curve.
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A decrease in the natural unemployment rate shifts the long-run Phillips curve leftward, indicating a lower unemployment rate at which inflation does not accelerate. The short-run Phillips curve also shifts leftward, reflecting lower unemployment at each level of inflation.

A Decrease in the Natural Unemployment Rate Shifts the Long-