If the Natural Rate of Unemployment Falls

question 133

Multiple Choice

If the natural rate of unemployment falls,

• A)both the short-run Phillips curve and the long-run Phillips curve shift.
• B)only the short-run Phillips curve shifts.
• C)only the long-run Phillips curve shifts.
• D)neither the short-run nor the long-run Phillips curves shift.

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Definitions:

Pounds

In the imperial system, a measure of weight that equals approximately 0.453592 kilograms.

Fetal

Pertains to a stage of human development inside the womb, from conception until birth.

Proximodistal Pattern

A pattern of physical growth and motor control that proceeds from the center of the body outward, in which torso and arm development precede that of the hands and fingers.

Prenatal Development

Prenatal development encompasses the process of growth and development within the womb, from conception to birth.