Multiple Choice
The natural rate hypothesis concludes that when the inflation rate increases, then in the long run there is
A) an upward movement along the short-run Phillips curve.
B) a downward movement along the short-run Phillips curve.
C) an upward shift of the short-run Phillips curve.
D) a downward shift of the short-run Phillips curve.
E) no change at all in the short-run Phillips curve.
Correct Answer:
Verified
Correct Answer:
Verified
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