Which of the following is true about the long-run Phillips curve?
A) No event can shift the curve rightward; it can only be shifted leftward.
B) No event can shift the curve leftward; it can only be shifted rightward.
C) No event can shift the curve either rightward or leftward.
D) Only fiscal and monetary policy can shift the curve.
E) Demand-side policy cannot shift the curve.
Correct Answer:
Verified
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Q166: If the actual inflation rate exceeds the
Q168: Along the long-run Phillips curve,
A)the economy is
Q169: According to the natural rate hypothesis,
A)government policy
Q170: According to the natural rate hypothesis,the economy
Q171: The long-run Phillips curve
A)represents the fact that
Q172: The long-run Phillips curve is
A)downward-sloping
B)vertical
C)upward-sloping
D)horizontal
E)U-shaped
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