How Does the Short-Run Phillips Curve Model Reflect an Increase

question 83

Multiple Choice

How does the short-run Phillips curve model reflect an increase in the natural rate of unemployment?

• A) as a leftward shift in the short-run Phillips curve
• B) as a rightward shift in the short-run Phillips curve
• C) as a downward movement along the short-run Phillips curve
• D) as an upward movement along the short-run Phillips curve

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Definitions:

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