When the natural unemployment rate increases, the short-run Phillips curve_{--------------------} and the long-run Phillips curve _{--------------------} . A)shifts rightward; shifts rightward B)does not shift; shifts leftward C)shifts leftward; does not shift D)shifts leftward; shifts rightward E)shifts rightward; does not shift

Question

Quizplus · Accepted Answer

When the natural unemployment rate increases, the short-run Phillips curve shifts leftward and the long-run Phillips curve does not shift.

When the Natural Unemployment Rate Increases, the Short-Run Phillips Curve--------------------

When the Natural Unemployment Rate Increases, the Short-Run Phillips Curve_{--------------------}