Multiple Choice
How would a decrease in the natural rate of unemployment affect the long-run Phillips curve?
A) It would shift the long-run Phillips curve right.
B) It would shift the long-run Phillips curve left.
C) There would be an upward movement along a given long-run Phillips curve.
D) There would be a downward movement along a given long-run Philips curve.
Correct Answer:
Verified
Correct Answer:
Verified
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