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.

---

Definitions:

Advantages

Advantages refer to beneficial aspects or competitive edges that one person, group, product, or service has over comparable ones.

Areas of Competition

Pertains to the specific sectors or markets where businesses vie for dominance or market share.

Competitive Advantage

A strategic advantage one company has over its industry competitors, allowing it to generate greater sales or margins and/or retain more customers.

Competitive Edge

An advantage that a company has over its competitors, allowing it to generate greater sales or margins and/or retain more customers.