The baby boomers born in the 1940s and 1950s began entering the work force in the 1960s and 1970s . This demographic event-------------------- the natural unemployment rate, thereby shifting the short-run Phillips curve-------------------- and shifting the long-run Phillips curve-------------------- .
A) increased; leftward; rightward
B) increased; rightward; rightward
C) increased; rightward; leftward
D) decreased; rightward; rightward
E) decreased; leftward; leftward
Correct Answer:
Verified
Q98: When the natural unemployment rate increases,
A)the long-run
Q99: The long-run Phillips curve represents the relationship
Q100: Q101: According to Okun's law, if the unemployment Q102: According to Okun's Law, if the natural Q104: An increase in aggregate demand results in Q105: Suppose the natural unemployment rate is 5 Q106: If the price level rises from 100 Q107: Moving along a short-run Phillips curve, a Q108: 
A)a
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