The Short-Run Phillips Curve Is ________, While the Long-Run Phillips

question 23

Multiple Choice

The short-run Phillips curve is ________, while the long-run Phillips curve is vertical at the ________.

• A) downward sloping; real wage
• B) downward sloping; natural rate of unemployment
• C) upward sloping; minimum wage
• D) upward sloping; average nominal wage rate
• E) horizontal; origin