How Would a Decrease in the Natural Rate of Unemployment

question 204

Multiple Choice

How would a decrease in the natural rate of unemployment affect the long-run Phillips curve?

• A)It would shift the long-run Phillips curve right.
• B)It would shift the long-run Phillips curve left.
• C)There would be an upward movement along a given long-run Phillips curve.
• D)There would be a downward movement along a given long-run Philips curve.

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Definitions:

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A way of measuring the duration of pregnancy, counting from the first day of the last menstrual period to estimate the stage of gestation.

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A time frame referenced in developmental biology where significant changes occur in the embryo, marking the end of the embryonic stage of prenatal development.

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A condition in which a woman carries a developing fetus inside her uterus.