Multiple Choice
When the natural unemployment rate ________, the short-run Phillips curve shifts ________ and the long-run Phillips curve shifts ________.
A) increases; downward; leftward
B) decreases; upward; rightward
C) decreases; downward; rightward
D) increases; upward; rightward
E) increases; upward; leftward
Correct Answer:
Verified
Correct Answer:
Verified
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