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vellojo vellojo
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7 years ago
Which of the following statements about the long-run Phillips curve is correct?
A) The long-run Phillips curve is horizontal.
B) The long-run Phillips curve shifts rightward and upward if the expected inflation rate increases.
C) The long-run Phillips curve shifts leftward if the natural unemployment rate decreases.
D) None of the above statements is correct.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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Studying economics @ Edinburgh U
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yaderayadera
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7 years ago
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vellojo Author
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#2
7 years ago
Everyone I encourage you to thumbs up the answer!

got it right
Studying economics @ Edinburgh U
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