An increase in the natural unemployment rate shifts
A) neither the short-run nor the long-run Phillips curve.
B) the long-run but not the short-run Phillips curve rightward.
C) both the short-run and the long-run Phillips curves rightward.
D) the short-run but not the long-run Phillips curve rightward.
Correct Answer:
Verified
Q163: Q164: The long-run Phillips curve is _. Q165: The long-run Phillips curve is Q166: Which of the following statements about the Q167: Along the long-run Phillips curve, Q169: An increase in the expected inflation rate
A) vertical
A) vertical at
A) actual inflation
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