Multiple Choice
If the actual unemployment rate is less than the natural rate of unemployment, there will be a tendency toward:
A) increased inflation and a leftward shift of the short-run Phillips curve.
B) decreased inflation and a rightward shift of the short-run Phillips curve.
C) increased inflation and a rightward shift of the short-run Phillips curve.
D) decreased inflation and a leftward shift of the short-run Phillips curve.
Correct Answer:
Verified
Correct Answer:
Verified
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