Multiple Choice
If the natural unemployment rate increases, the long- run Phillips curve _______, the short- run Phillips curve _______, and the expected inflation rate _______ .
A) does not shift; shifts rightward; rises
B) shifts rightward; curve does not shift; falls
C) does not shift; does not shift; does not change
D) shifts rightward; shifts rightward; falls
E) shifts rightward; shifts rightward; does not change
Correct Answer:

Verified
Correct Answer:
Verified
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Q3: Use the figure below to answer the
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