Multiple Choice
If the long-run Phillips curve is vertical, then any government policy designed to lower:
A) unemployment will not change the unemployment rate and only increase the inflation rate.
B) unemployment will work leaving the inflation rate unchanged.
C) inflation will cause employment to rise.
D) unemployment will work causing the inflation rate to fall.
E) unemployment will work causing inflation to rise.
Correct Answer:

Verified
Correct Answer:
Verified
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