Multiple Choice
If the natural unemployment rate increases, the long-run Phillips curve ________, the short-run Phillips curve ________, and the expected inflation rate ________.
A) does not shift; does not shift; does not change
B) shifts rightward; shifts rightward; does not change
C) does not shift; shifts rightward; rises
D) shifts rightward; curve does not shift; falls
E) shifts rightward; shifts rightward; falls
Correct Answer:

Verified
Correct Answer:
Verified
Q84: If the inflation rate is lower than
Q85: The short-run Phillips curve shows the relationship
Q86: An unanticipated deflation does all of the
Q87: At full employment, an increase in the
Q88: Which of the following would cause the
Q90: Along the short-run Phillips curve, everything remaining
Q91: Which business cycle theory emphasizes that, because
Q92: The _ cycle theory states that only
Q93: Use the information below to answer the
Q94: Stagflation can result from<br>A)a leftward shift of