Multiple Choice
The long-run Phillips curve represents the relationship between the inflation rate and the unemployment rate when there is no ________ unemployment.
A) cyclical
B) structural
C) seasonal
D) frictional
E) natural
Correct Answer:

Verified
Correct Answer:
Verified
Q99: When the natural unemployment rate changes, what
Q198: The short-run Phillips curve is _ and
Q199: The relationship between the AS-AD model and
Q200: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1454/.jpg" alt=" -In the above
Q201: The long-run Phillips curve shows the relationship
Q203: At full employment,<br>A) real GDP exceeds potential
Q204: If the price level rises from 100
Q205: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1454/.jpg" alt=" -In the figure
Q207: The short-run Phillips curve shows<br>A) potential GDP.<br>B)
Q208: In order to keep the real wage