If the natural unemployment rate decreases, then the short-run Phillips curve
--------------------and the long-run Phillips curve -------------------- .
A) shifts rightward; shifts leftward
B) shifts leftward; shifts leftward
C) shifts rightward; shifts rightward
D) shifts leftward; does not shift
E) does not shift; shifts leftward
Correct Answer:
Verified
Q2: In the long run, the unemployment rate
A)is
Q3: The lack of a long-run tradeoff between
Q4: In the long run, the inflation rate
A)cannot
Q5: In the short run, a decrease in
Q6: The natural unemployment rate
A)never changes.
B)always increases.
C)increases when
Q7: The short-run Phillips curve shows the relationship
Q8: If the Fed raises the inflation rate
Q9: --------------------is fixed when moving along the aggregate
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