How Would a Decrease in the Natural Rate of Unemployment

question 204

Multiple Choice

How would a decrease in the natural rate of unemployment affect the long-run Phillips curve?

• A)It would shift the long-run Phillips curve right.
• B)It would shift the long-run Phillips curve left.
• C)There would be an upward movement along a given long-run Phillips curve.
• D)There would be a downward movement along a given long-run Philips curve.