Multiple Choice
More flexible labour markets will shift the long-run Phillips curve and the long-run aggregate-supply curve in which direction?
A) They will shift both the long-run Phillips curve and the long-run aggregate-supply curve to the right.
B) They will shift both the long-run Phillips curve and the long-run aggregate-supply curve to the left.
C) They will shift the long-run Phillips curve to the right and the long-run aggregate-supply curve to the left.
D) They will shift the long-run Phillips curve to the left and the long-run aggregate-supply curve to the right.
Correct Answer:
Verified
Correct Answer:
Verified
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