A change in the natural unemployment rate___________ .
A) causes a movement along the short-run Phillips curve
B) shifts both the short-run and long-run Phillips curves
C) shifts only the short-run Phillips curve
D) shifts only the long-run Phillips curve
Correct Answer:
Verified
Q167: Along the long-run Phillips curve,
A) actual inflation
Q168: An increase in the natural unemployment rate
Q169: Q169: An increase in the expected inflation rate Q171: If the natural unemployment rate increases, then Q174: The short-run Phillips curve and the long-run Q175: A decrease in the expected inflation rate Q176: The long-run Phillips curve shows that in Q177: The position of the long-run Phillips curve Q306: Which of the diagrams in the above
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