If the Natural Unemployment Rate Falls

question 97

Multiple Choice

If the natural unemployment rate falls

• A)the long-run Phillips curve shifts rightward and the short-run Phillips curve does not change.
• B)the long-run Phillips curve shifts leftward and the short-run Phillips curve does not change.
• C)the short-run Phillips curve shifts rightward.
• D)the short-run and long-run Phillips curves both shift leftward.
• E)the short-run and long-run Phillips curves both shift rightward.

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Definitions:

Usury

The practice of charging more than the amount of interest allowed by law.

Nondisclosure Agreement

A legal contract between two or more parties that outlines confidential material, knowledge, or information that the parties wish to share with one another for certain purposes but wish to restrict access to or by third parties.

Disaffirm

The legal act of denying, rejecting, or invalidating a contract or agreement.