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Which of the Following Statements Characterizes the Nature of the Long-Run

Question 34

Multiple Choice

Which of the following statements characterizes the nature of the long-run Phillips curve?  


A)  No event can shift the curve rightward because the curve can only be shifted leftward. 
B)  No event can shift the curve leftward because the curve can only be shifted rightward. 
C)  Only fiscal and monetary policy can shift the curve. 
D)  Demand-side policy CANNOT shift the curve.

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