The Position of the Long-Run Phillips Curve and the Long-Run

question 162

Multiple Choice

The position of the long-run Phillips curve and the long-run aggregate supply curve both depend on which of the following?

• A)the natural rate of unemployment and monetary growth
• B)the natural rate of unemployment, but not monetary growth
• C)monetary growth, but not the natural rate of unemployment
• D)neither monetary growth nor the natural rate of unemployment

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