Which of the following statements about the long-run Phillips curve is correct?
A) The long-run Phillips curve is horizontal.
B) The long-run Phillips curve shifts leftward if the natural unemployment rate decreases.
C) The long-run Phillips curve shifts rightward and upward if the expected inflation rate increases.
D) None of the above statements is correct.
Correct Answer:
Verified
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A)
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A) horizontal at
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