A Policy That Lowered the Natural Rate of Unemployment Would

Multiple Choice

A policy that lowered the natural rate of unemployment would shift

A) both the short-run and the long-run Phillips curves to the left.
B) the short-run Phillips curve left but leave the long-run Phillips curve unchanged.
C) the long-run Phillips curve left but leave the short-run Phillips curve unchanged.
D) neither the long-run Phillips curve nor the short-run Phillips curve left.