The Long-Run Phillips Curve

question 124

Multiple Choice

The long-run Phillips curve:

• A)depicts the negative relationship between the unemployment rate and the inflation rate.
• B)suggests that policies have little effect on the natural rate of unemployment in the long run.
• C)explains how expansionary policies can affect an economy, while contractionary policies have little effect.
• D)shows the positive relationship between the unemployment rate and the inflation rate.

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