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  3. Study Set
    Economics Study Set 8
  4. Exam
    Exam 34: Inflation, Deflation, and Macro Policy
  5. Question
    If the Economy Is at Point a in the Phillips
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If the Economy Is at Point a in the Phillips

Question 84

Question 84

Multiple Choice

If the economy is at Point A in the Phillips curve graph shown, in the long run, the unemployment would be expected to: If the economy is at Point A in the Phillips curve graph shown, in the long run, the unemployment would be expected to:   A) increase. B) decrease. C) remain constant. D) immediately fall to zero.


A) increase.
B) decrease.
C) remain constant.
D) immediately fall to zero.

Correct Answer:

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