A decrease in the level of cyclical unemployment will shift the long-run Phillips curve.
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Q122: If inflationary expectations on the part of
Q123: Monetary policy has _ impact on the
Q124: Figure 17-4 Q125: The short-run Phillips curve will not shift Q126: If the Fed attempts to reach and Q128: The natural rate of unemployment is fixed Q129: An increase in the level of structural Q130: An increase in expected inflation will shift Q131: If unemployment persists for a long period Q132: When unemployment is above its natural rate,the
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