Multiple Choice
Which of the following statements about the long-run Phillips curve is CORRECT?
A) The long-run Phillips curve is horizontal.
B) The long-run Phillips curve shifts leftward if the natural unemployment rate decreases.
C) The long-run Phillips curve shifts rightward and upward if the expected inflation rate increases.
D) The long-run Phillips curve shifts leftward if the natural unemployment rate increases.
Correct Answer:
Verified
Correct Answer:
Verified
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