Which of the Following Statements About the Long -Run Phillips

question 158

Multiple Choice

Which of the following statements about the long -run Phillips curve is correct?

• A) The long-run Phillips curve is horizontal.
• B) The long-run Phillips curve shifts rightward and upward if the expected inflation rate increases.
• C) The long-run Phillips curve shifts leftward if the natural unemployment rate decreases.
• D) None of the above statements is correct.

---

Definitions:

Ethics

The branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong behavior.

American Psychological Association

A professional organization representing psychology in the United States, dedicated to advancing psychology as a science, profession, and means of promoting health and welfare.

Animal Experiments

Research studies conducted on non-human animals to investigate biological, behavioral, or psychological phenomena.

Dendrites

Dendrites are the branching extensions of a neuron that receive signals from other neurons or sensory stimuli, playing a critical role in the transmission of neural signals.