Multiple Choice
Suppose a policy lowers the natural rate of unemployment.What is the effect of such a policy change?
A) an upward movement along the long-run Phillips curve
B) a downward movement along the long-run Phillips curve
C) a rightward shift of the long-run Phillips curve
D) a leftward shift of the long-run Phillips curve
Correct Answer:
Verified
Correct Answer:
Verified
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