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If the Natural Unemployment Rate Decreases, Then the Short-Run Phillips

Question 60

Multiple Choice

If the natural unemployment rate decreases, then the short-run Phillips curve ________ and the long-run Phillips curve ________.


A) does not shift; shifts leftward
B) shifts leftward; shifts leftward
C) shifts rightward; shifts leftward
D) shifts rightward; shifts rightward
E) shifts leftward; does not shift

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