A key assumption of the expectations-augmented Phillips curve model is that the long-run Phillips curve is ___________ at the ___________ of unemployment.This means that policies ___________ lower unemployment below the natural rate in the long run.
A) vertical;current rate;can
B) vertical;natural rate;cannot
C) horizontal;current rate;can
D) positively sloping;natural rate;cannot
E) horizontal;natural rate;can
Correct Answer:
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