Which of the following shifts the Phillips curve?
A)a change in the natural rate of unemployment
B)a change in unemployment rate
C)a change in inflation rate
D)a change in GDP

Name: Which of the following shifts the Phillips curve? A)a change in the natural rate of unemployment B)a change in unemployment rate C)a change in inflation rate D)a change in GDP
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Question

Quizplus · Accepted Answer

A change in the natural rate of unemployment shifts the Phillips curve because it alters the long-term trade-off between inflation and unemployment.

Which of the Following Shifts the Phillips Curve