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If the Natural Unemployment Rate Decreases, Then the Short-Run Phillips

question 60

Multiple Choice

If the natural unemployment rate decreases, then the short-run Phillips curve ________ and the long-run Phillips curve ________.


Definitions:

Holographic Will

A will entirely handwritten, dated, and signed by the testator, which in some jurisdictions, is accepted as valid without being witnessed.

Oral Will

An Oral Will, also known as a nuncupative will, is a will that has been spoken aloud in front of witnesses, rather than written down, valid only in certain jurisdictions.

Settlor

A person who creates a trust.

Residuary Clause

A provision in a will that assigns the remainder of the deceased's estate after specific gifts have been disbursed.

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