-The Shifts of the Short-Run and Long-Run Phillips Curves in the Figure

question 35

Multiple Choice

-The shifts of the short-run and long-run Phillips curves in the figure above are the result of

• A) a decrease in the natural unemployment rate.
• B) an increase in the natural unemployment rate.
• C) an increase in the actual inflation rate.
• D) an increase in the expected inflation rate.
• E) a decrease in the expected inflation rate.

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A state in which an individual does not have any identifiable medical conditions or illnesses.

Interdisciplinary Team

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