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-An Economy's Natural Unemployment Rate Is 4 Percent

question 214

Multiple Choice

  -An economy's natural unemployment rate is 4 percent. The table above gives some points on the economy's short-run Phillips curve. If the expected inflation rate becomes 8 percent per year, then the A)  short-run Phillips curve shifts upward. B)  long-run Phillips curve shifts rightward. C)  long-run Phillips curve shifts leftward. D)  short-run Phillips curve shifts downward.
-An economy's natural unemployment rate is 4 percent. The table above gives some points on the economy's short-run Phillips curve. If the expected inflation rate becomes 8 percent per year, then the


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