Which of the Following Is True About the Long-Run Phillips

question 193

Multiple Choice

Which of the following is true about the long-run Phillips curve?

• A)No event can shift the curve rightward; it can only be shifted leftward.
• B)No event can shift the curve leftward; it can only be shifted rightward.
• C)No event can shift the curve either rightward or leftward.
• D)Only fiscal and monetary policy can shift the curve.
• E)Demand-side policy cannot shift the curve.

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