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A Policy Change That Reduced the Natural Rate of Unemployment

question 112

True/False

A policy change that reduced the natural rate of unemployment would shift both the long-run aggregate-supply curve and the long-run Phillips curve left.


Definitions:

Whistle Blowing

The act of exposing illegal, unethical, or wrongdoing within an organization by an insider.

Self-Censorship

The act of withholding or altering one's expression or speech to avoid offending or causing conflict with others.

Group Identities

The collective sense of belonging to a particular group based on shared attributes or interests.

Whistleblower

A person who exposes the misdeeds of others in organizations.

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