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The Long-Run Phillips Curve Is Vertical,suggesting That ________

Question 33

Multiple Choice

The Long-Run Phillips Curve is vertical,suggesting that ________.


A) allowing inflation to rise will not succeed in keeping unemployment low
B) changes in unemployment have no lasting impact on inflation
C) shifts of the short-run Phillips curve impact inflation,but have no effect on unemployment
D) all of the above
E) none of the above

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