If the Natural Unemployment Rate Decreases, Then the Short-Run Phillips

question 64

Multiple Choice

If the natural unemployment rate decreases, then the short-run Phillips curve
_{--------------------}and the long-run Phillips curve _{--------------------} .

• A)shifts rightward; shifts leftward
• B)shifts leftward; shifts leftward
• C)shifts rightward; shifts rightward
• D)shifts leftward; does not shift
• E)does not shift; shifts leftward

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