Suppose a Policy Increases the Natural Rate of Unemployment

question 165

Multiple Choice

Suppose a policy increases the natural rate of unemployment. What is the effect of such a policy change?

• A) an upward movement along the long-run Phillips curve
• B) a downward movement along the long-run Phillips curve
• C) a rightward shift of the long-run Phillips curve
• D) a leftward shift of the long-run Phillips curve

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Definitions:

Breach Of Contract

Occurs when one party in a binding agreement fails to deliver according to the terms of the agreement.

Anticipation Of Delivery

Expectation or preparation for the receipt of goods or items that have been ordered, prior to their actual arrival.

Range Free

Often associated with farming and food production, indicating animals that are raised without being confined in tight spaces and have some degree of outdoor access.

Accord

A formal agreement between two or more parties, especially countries or organizations.