Multiple Choice
When the natural unemployment rate increases,
A) there are no shifts of either the long-run Phillips curve or the short-run Phillips curve.
B) both the long-run Phillips curve and the short-run Phillips curve shift leftward.
C) the long-run Phillips curve shifts rightward,and the short-run Phillips curve shifts leftward.
D) both the long-run Phillips curve and the short-run Phillips curve shift rightward.
E) the long-run Phillips curve shifts leftward,and the short-run Phillips curve shifts rightward.
Correct Answer:
Verified
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