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The Long-Run Phillips Curve Is a ________ Curve, and Moving

Question 38

Multiple Choice

The long-run Phillips curve is a ________ curve, and moving along the long-run Phillips curve an increase in the inflation rate is associated with ________ in the natural unemployment rate.


A) vertical; no change
B) downward sloping; a decrease
C) upward sloping; an increase
D) horizontal; no change
E) downward sloping; no change

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