Multiple Choice
If inflation is less than expected,then the unemployment rate is
A) greater than the natural rate.In the long run the short-run Phillips curve will shift right.
B) greater than the natural rate.In the long run the short-run Phillips curve will shift left.
C) less than the natural rate.In the long run the short-run Phillips curve will shift right.
D) less than the natural rate.In the long run the short-run Phillips curve will shift left.
Correct Answer:
Verified
Correct Answer:
Verified
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