Figure 35-3 Refer to Figure 35-3

Multiple Choice

Figure 35-3 Refer to figure 35-3.In this order,which curve is a long-run Phillips curve and which is a short-run Phillips curve?
a.
A,B
b.
A,D
c.
C,B
d.
None of the above is correct.
ANS: B DIF: 1 REF: 35-2 NAT: Analytic
LOC: Unemployment and inflation TOP: Short-run Phillips curve | Long-run Phillips curve
MSC: Definitional
-Which of the following is upward sloping?

A) both the long-run Phillips curve and the long-run aggregate supply curve
B) neither the long-run Phillips curve nor the long-run aggregate supply curve
C) the long-run Phillips curve,but not the long-run aggregate supply curve
D) the short-run Phillips curve,but not the long-run aggregate supply curve