Multiple Choice
The long-run Phillips curve represents the relationship between the inflation rate and the unemployment rate when there is --------------------no unemployment.
A) seasonal
B) structural
C) natural
D) cyclical
E) frictional
Correct Answer:
Verified
Related Questions
Q94: Q95: If the Fed tries to lower the Q96: The short-run Phillips curve shows the relationship Q97: Moving upward along the aggregate supply curve, Q98: When the natural unemployment rate increases,
A)the long-run
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