Solved

If Employees and Employers Always Accurately Forecast Inflation,what Is the Shape

Question 16

Multiple Choice

If employees and employers always accurately forecast inflation,what is the shape of the Phillips curve?


A) It is upward sloping in the short run, and horizontal in the long run.
B) It is vertical in the short run, and upward sloping in the long run.
C) It is vertical in the short run and in the long run.
D) It is downward sloping in the short run, and vertical in the long run.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions