The Long-Run Phillips Curve

question 1

Multiple Choice

The long-run Phillips curve

• A)represents the fact that inflation is consistent with many unemployment rates
• B)represents the fact that inflation will not influence unemployment in the long run
• C)has a negative slope because the short-run Phillips curve shifts up and to the left
• D)shows that expected inflation can never equal actual inflation
• E)shows that unemployment is a short run,but not a long run,phenomenon

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