The long-run Phillips curve
A) is vertical
B) is the same as the short-run Phillips curve
C) slopes downward
D) slopes upward
E) is horizontal
Correct Answer:
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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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