In the Long Run, the Phillips Curve Is a ________

question 140

Multiple Choice

In the long run, the Phillips curve is a ________ at ________.

• A)horizontal line; 0% inflation
• B)negatively sloped line; the intersection of aggregate demand and short-run aggregate supply
• C)vertical line; the natural rate of unemployment
• D)positively sloped; the intersection of the short and long-run Phillips curves
• E)None of the above is correct.

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