If the Natural Unemployment Rate Increases, the Long-Run Phillips Curve

question 89

Multiple Choice

If the natural unemployment rate increases, the long-run Phillips curve ________, the short-run Phillips curve ________, and the expected inflation rate ________.

• A)does not shift; does not shift; does not change
• B)shifts rightward; shifts rightward; does not change
• C)does not shift; shifts rightward; rises
• D)shifts rightward; curve does not shift; falls
• E)shifts rightward; shifts rightward; falls

---

Definitions:

Foreign Bank Account

A bank account located in a country outside of the account holder's country of residence, often used for savings, investments, or international business transactions.

Jurisdiction

The official power to make legal decisions and judgments, often within a specified area or over certain types of cases.

Cyber Crime

A crime that occurs online, in the virtual community of the Internet, as opposed to the physical world.

Immunity

The legal protection against prosecution or liability, often granted to individuals to encourage them to provide evidence or testimony without fear of repercussions.