One Implication of the Long-Run Phillips Curve Is That

question 248

Multiple Choice

One implication of the long-run Phillips curve is that

• A) economic policies to keep the unemployment rate below its natural rate will lead to accelerating inflation.
• B) in the long run, the government can accurately estimate the natural rate of unemployment.
• C) in the long run, the curve becomes upward sloping.
• D) the natural rate of unemployment must be lowered to zero.

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