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Changes in which of the following shift the short-run Phillips curve?
I. changes in the natural unemployment rate
Ii. changes in the expected inflation rate iii. changes in the inflation rate
Long-Term Effects
The impacts or results of a policy, action, or event that manifest or become apparent over a lengthy period.
Pollution
The introduction of contaminants into the natural environment that cause adverse change and harm to ecosystems and human health.
Negative Externality
A cost experienced by a third party who did not choose to incur that cost, often related to environmental, social, or health issues.
Uncompensated Cost
Costs that occur when an action has effects, positive or negative, on third parties without those parties being compensated.
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